FA News

U.S. Jobless Claims Slow While Underscoring Persistent Weakness

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The 2 million unemployment applications last week shows a slowing in job losses.

Two Industry Champions Take Up The Challenge Of Advising Clients' 'Next Chapter'

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Money Management Institute and Financial Advisor magazine address the retirement income age.

Fidelity Throws Heft Into Hidden-Asset ETF Arena With New Funds

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Fidelity is launching three ETFs that will partially conceal their holdings.

Fee-Based Revenue Will Pinch Advisors In Bear Market, McKinsey Says

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A McKinsey report says advisors' move to fees has benefited them in good times but will hurt in the year of Covid.

Ocrolus Launches PPP Loan Forgiveness Solution With Audit Trail

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Lenders can now use Ocrolus to process time-consuming documentation easily and quickly.

BlackRock Files To License Active Non-Transparent ETF Structure

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The funds won’t report its holding on a daily basis.

DOL Issues Guidance Allowing Private Equity In DC Plans

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The guidance concluded that fiduciaries can lawfully include private equity investments in defined contribution plans.

Federal Court Considers XYPN's Challenge To SEC's Reg BI Rule

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After hearing arguments in the case yesterday, the panel is expected to rule before the regulation goes into effect June 30.

Even Stock Optimists Grow Nervous About Rally

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What once seemed sensible is starting to baffle even them.

Weekly Webinars During Pandemic Have Been A Boon To This Advisory Firm

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RegentAtlantic's prolific webinar schedule has expanded its reach beyond its existing clientele.

Will The Protests Spread Coronavirus? Experts Say It's Too Soon To Tell

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Top officials leading the U.S. response to the pandemic have expressed concern about the situation.

Bitcoin 'Bart Simpson' Trading Pattern Returns With Volatility

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The cybercurrency's market pattern is named for its resemblance to the cartoon character’s hairstyle.

AmEx Fears Second Joblessness Wave After No-Layoff Vows Expire

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The firm has cut back on adding new credit-card customers because it is unsure of consumer health and job trends.

Sweden Won't Abandon Covid Strategy Despite Admitting To Errors

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Prime Minister Stefan Lofven has promised an inquiry into Sweden’s response to Covid-19.

Investors Bet On Manhattan Landlords With NYC Gripped By Unrest

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Investors are showing optimism about Manhattan despite a potentially drawn out recovery.

Cuomo-De Blasio Feud Reignites With Talk Of State Takeover

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Governor Andrew Cuomo and Mayor Bill de Blasio have been trying and often failing to suppress their mutual animosity.

NYC Businesses Already Hit By Covid Now Must Reopen Amid Rubble

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Stores throughout Midtown and downtown, the once-thriving centers of commerce and pleasure, were sacked.

Coronavirus Shakes Colleges But 529 Plans Stand Firm

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The go-to college savings vehicle for wealthier families has long been the tax-advantaged 529 plan offered by many states.

SEC Chief Backs Bill To Delist China Firms Barring Audit Reviews

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At issue is China’s longstanding refusal to allow the examination of audits of firms whose shares trade in the U.S.

Firms Cut Fewer U.S. Jobs Than Forecast in May, ADP Data Show

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Job losses were more moderate at small businesses, many of which received government assistance.