FA News

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IRS Apologizes To Ken Griffin To Settle Tax Data Breach Case

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Griffin sued the IRS for failing to prevent his financial information from appearing in ProPublica articles.

Plan Participants Feel Scared, Short On Savings, Schroders Survey Finds

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They want to top $1 million in savings, but only 29% believe they will reach that goal before retirement.

Treasury Liquidity Is Better Than Traders Feared, JPMorgan Says

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The firm's liquidity gauge has been "steadily improving," JPMorgan strategists said.

IRS Audits Shift Focus From Ultra-Affluent Individuals To The Mere Wealthy

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The agency is zeroing in on those who make more than $400,000 instead of just multimillionaires, a watchdog report said.

Home-Price Growth Cools As Buyers Contend With High Rates

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Run-ups in both prices and mortgage rates over the past couple of years have squeezed buyers.

What The Biden-Trump Rematch Means For The U.S. Stock Market

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History shows that even a nail-bitingly close contest will not necessarily be bad for equities.

American Millennials Drive Surge In Freelancing As A Side Job

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Some 3.2 million people now have a second job as a freelancer, independent contractor or consultant.

Advisors See Financial Literacy As Key Step For Women Clients

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Some advisor firms are taking the initiative in getting women comfortable with the financial services industry.

Texas Wealth Advisor Overseeing $7 Billion Eyes Mexico's Ultra-Rich

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Americana Partners International of Houston is launching a Latin American division.

Inflation-Adjusted Charitable Giving Declined In 2023, Report Says

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Donations are being driven by the wealthy, the Giving USA Foundation report said.

Asset-Backed Bond Market Is Helping To Fuel The Global AI Boom

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AI is accelerating the decades-long growth of the internet and digital infrastructure.

Larger U.S. Deficits Pave The Way For Even More Treasury Bills

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The nonpartisan Congressional Budget Office last week upped its deficit estimate for 2024 to almost $2 trillion.

Private Equity Dives Into Sports Investing As Valuations Boom

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Sports team ownership, once the dominion of individual billionaires, is making room for private capital.

Dual Registrants Should Brace For Reg BI Crackdown, Former SEC Lawyers Say

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The SEC is scrutinizing hybrid firms that put their clients into more expensive brokerage accounts, they said.

Bitcoin Funds See Most Outflows Over Two Weeks Since ETF Approval

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Overall, digital asset products were hit with $584 million in outflows in the week ended June 21.

Why Advisors Need To Know The Signs Of Cognitive Decline In Clients

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Whether they like it or not, advisors are in a position to see the first signs of client dysfunction, industry officials say.

Clients Can't Dawdle On Expiring Tax Reform Provisions, Advisors Say

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The reforms aren't due to sunset until the end of 2025, but advisors say now is the time to act.

The Hedge Fund Bet Luring Retail Investors To High-Risk Debt

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Issuance of catastrophe bonds is set to hit a record this year.

Wall Street's Smart-Trade Brigade Thrashed Again On Stock Boom

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Money managers have lavished cash on a panoply of strategies, only to get trounced by the S&P 500.

401(k) Contribution Rate Matched Record High in 2023, Vanguard Says

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The average percent of salary funneled into plans maintained 2022's record pace of 11.7%.

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