FA News

$500M Merrill Lynch Team Joins Sanctuary

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Muirwood Private Wealth is the fifth California advisory to join Sanctuary Wealth’s platform.

Covid-19 Sends College Students Scrambling For New Funding

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Half of students enrolled in colleges and universities nationwide say they can no longer afford to attend them.

Feds Indict Indiana Man Who Allegedly Defrauded Amish Investors

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The victims of the scam were novice investors and some lost their life savings, authorities said.

U.S. Business Debt Soars By Record On Bond Issuance, Loans

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Nonfinancial business debt soared in the first quarter as loans and corporate bond issuance jumped.

Advisors Stay Connected To Clients With Remote Work, SIFMA Finds

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Advisories have had to adapt to working at home during the pandemic.

Fear Of Second Covid-19 Wave Sinks Travel And Leisure Stocks

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Everything from airlines to car rental agencies to amusement parks have seen declines.

Jerome Powell Sees Long Road Ahead For Jobs Market

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The Fed chairman begs to differ on the president's economic optimism.

Owl Rock Launches Loan Program For Minority-Owned Businesses

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The alternative asset manager has committed $5 million to a loan program for minority-owned small businesses.

CAPTRUST Aligns With Indiana Firm With $1.6B In AUA

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Lakeside Wealth Management, founded by Mark Chamberlain, is also known for its charitable work.

SEC Charges Trader With Fraudulently Hyping Covid-19 Test

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A California trader conducted a pump-and-dump scheme for biotech company, the agency said.

Brawls Erupt in U.S. Debt Markets After Borrowers Get Desperate

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A massive wave of corporate distress is pitting beleaguered companies against their lenders.

Gundlach: A Second Wave Of Layoffs, Market Declines Loom

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Most of the growth in earnings and employment over the past decade has been an illusion, Jeffrey Gundlach argued.

Finra Meetings To Address Exam Cheating, Zero-Fee Commissions

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The two hot topics are at the top of the agenda for the regulator's board of governors meeting this week.

U.S. May Budget Deficit $399 Billion, Almost Double Year Earlier

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The coronavirus-induced spending splurge weighs heavily on the national debt.

Risky Munis Shrug Off Recession In Biggest Rally Since 2009

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High-yield munis have returned 7.8% since April 1.

Fed Sees Zero Rates Through 2022, Commits To Keep Buying Bonds

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As expected, the Fed said it will keep rates low and continue quantitative easing in the near term.

Mnuchin Backs New Stimulus Targeted To Stragglers In Reopening

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Mnuchin spoke highly of the effectiveness of current stimulus and called for more.

A $22 Trillion Stock Rally Now Hinges On Rapid Economic Recovery

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The global stock market’s capitalization has climbed by roughly $22 trillion from the March low.

Junk Bonds Eclipse Peers In Emerging Markets By Most In 20 Years

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Investors are getting adventurous as they bet on a revival in global economic activity and friendly Fed policies.

Some Sectors Set To Soar, Portfolio Manager Says

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Covid-19 will result in permanent market changes, according to Hartford Funds' Simon Webber.