FA News

Protests Hammer U.S. Cities Still Recovering From Lockdown

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The chaos struck as the economy struggles to emerge from its coronavirus-enforced hibernation.

Goldman Rolls Back Its Pessimistic Outlook For American Stocks

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Firm strategists have rolled back their prediction that the S&P 500 would slump to the 2,400 level.

Housing Market Has Been Surprisingly Active During Lockdown

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New-home sales posted a surprise gain last month, and stocks of homebuilders have surged in recent weeks.

USO Oil ETF Faces U.S. Probes Over Investor Risk Disclosures

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The investigations are significant because USO has grown to be a dominant player in the market for crude futures.

Google Helps Place Ads On Sites Amplifying Covid-19 Conspiracies

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In at least one instance, Google has run ads featuring a conspiracist it has already banned.

Stock Market Rebound Put To Test Again With Street Unrest Raging

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Several companies whose businesses have held up during the pandemic announced steps to cope with the protests.

Banks Have A Mountain Of Deposits So They Don’t Need PPP Funding

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A record surge in bank deposits means lenders don’t need help from the Fed to fund small business loans.

Stiles Financial Joins LaSalle St. With $600M In AUM

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Stiles was formerly with Cambridge Investment Research/

Lauren Schadle Resigns As FPA CEO

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She will be replaced by an interim executive amid continued criticism of the organization.

Why New York Suffered When Other Cities Were Spared By Covid-19

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The mayor, the CDC and a New York disease expert weigh in.

De Blasio Expects NYC Will Begin Reopening in Next Two Weeks

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New York City is the only one of 10 state regions still on lockdown.

Ken Fisher-Dominated Stock ETNs See $3.5 Billion In Withdrawals

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Fisher Investments suffered almost $4 billion in withdrawals last year after its founder made lewd comments at a conference.

Relief Aid Stalls With Small Businesses Returning Loans Unused

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At least $20 billion in PPP loans have been canceled, partly over confusion about the rules.

IMF Urges Stock Investors To Pay More Attention To Climate Risks

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Severe climate events may impact companies owning assets in areas hit by drought, floods, wildfires and storms, the fund said.

Every Single Worker Has Covid At One U.S. Farm On Eve Of Harvest

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The outbreaks underscore the latest coronavirus threat to America’s food supply:

Why Job Cuts Won't Solve States' Budget Crisis

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While over 40 million jobs have vanished during the pandemic, states have held off on firing workers en masse.

CFP Board Ready To Enforce New Fiduciary Standards

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The CFP Board approved procedural rules designed to clarify how CFP mark holders can meet new requirements.

U.S. Consumer Spending Plunges While Stimulus Boosts Incomes

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Incomes posted a record 10.5% increase, compared with estimates for a 5.9% decline.

Citi Banker Sees Nations Targeting Wealthy To Recoup Virus Costs

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The world's biggest fortunes could end up in the crosshairs as nations struggle to recover, he said.

Wall Street Shows Risk Appetite With Small-Cap Profits Near Zero

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Small caps rally while their earnings fall. That says a lot about investor appetites.