FA News

Starbucks Sees $3.2 Billion Virus Hit, Plans New Cafe Format

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The company said it expects to report an adjusted loss of 55 to 70 cents a share.

Pictet Sees 80% Chance Of Virus Vaccine Coming Before Year-End

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The timing is tight, considering medicine’s quickest previous vaccine took four years to be developed.

Covid Pandemic Is Far From Over, Anthony Fauci Warns

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The infection won’t “burn itself out with mere public health measures,” he said.

Virus-Hit Cities In Hurricane Zone Get Moody's Warning On Risks

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Hurricanes have become more violent and more expensive because of climate change.

Pimco Cranks Up Its CLO Machine For The First Time in A Decade

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The CLO market could rev up as the pandemic purges the market of its excesses.

Second U.S. Virus Wave Emerges After State Reopenings

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Covid-19 cases have increased in some reopened states, remained stable in others.

More Companies Weigh Cutting 401(k) Match In Pandemic Pinch

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Companies see suspensions as a way to boost cash flow and avoid or limit job cuts.

From Depression To Euphoria: How Cross-Asset Markets Fought Back

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In some respects, it’s almost as if the pandemic never happened.

More Food Shortages Loom With Outbreaks At 60 U.S Plants

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America’s food suppliers have seen some of the worst Covid-19 outbreaks of any industry outside health care.

Industry Groups Urge Congress To Lower Entry Barriers For Buffered Annuities

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The groups back a bill directing the SEC to devise an easier form for annuity issuers to use when filing new buffered annuity products.

Investors Saved Nearly $6B Due To Declining Fund Fees In 2019, Morningstar Says

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Fee pressure is continuing due to investor demand, a Morningstar report said.

Crisis Causing More Young Adults To Seek Out Financial Advisors

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Millennials, Gen Xers and Gen Zers are taking their finances more seriously in the wake of the epidemic, a survey says.

The Shock U.S. Jobs Report Raised Questions. Here Are Some Answers.

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The shock of Friday’s U.S. jobs report is still rippling through economic circles, politics and financial markets.

Everywhere You Look Under Surging Stocks Is Fervid Retail Buying

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Retail investors have become a key driver of the beaten-down shares that are dominating the rally.

Former Wells Fargo Advisors Launch $370M Independent Firm With PAG, LPL

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The three financial advisors said they chose LPL and PAG for their scale and technology.

Advisors Who Earn Designations See Increased Income, Study Says

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Most advisors also said their businesses grew after getting professional designations.

U.S. Retirement System Ranks Fifth-Best In World, Allianz Says

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A new report on pension systems worldwide puts the U.S. in the upper echelon, but it comes with a caveat.

These State Programs Offer A Path To Rehire U.S. Workers

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Work sharing, also called short-time compensation, is expanding rapidly in the U.S.

Guggenheim CIO Looks To Gold With U.S. Dollar Losing Market Share

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Scott Minerd said he said the dollar's market could continue to trend downward as the Fed responds to the Covid crisis.

There Isn't A Single Down Stock In The S&P 500 Over Last 10 Weeks

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The classic market-cap weighted S&P 500 is up 43% since March 23.