Sean “Diddy” Combs surprised the music industry and its observers recently when he decided to transfer rights from his Bad Boy Records catalog to some of the artists and songwriters who long ago helped make him a billionaire. Although there has been no shortage of news coverage, there aren’t many...
Labor Day weekend this year marked more than the unofficial end of the summer. It also marked the end of TD Ameritrade’s custodial platform for independent financial advisors. Over the weekend, 3.6 million accounts and $1.3 trillion in assets held across 7,000 registered investment advisors finally moved from TD to...
Brokerages are doing a better job of complying with Regulation Best Interest but they have more work to do before they get it right, state securities regulators said Tuesday. Under Reg BI, the broker standard of conduct implemented in 2020 by the Securities and Exchange Commission, brokers are prohibited from...
People celebrate the GitLab initial public offering at the Nasdaq, Oct. 14, 2021.Source: NasdaqCheck out the companies making headlines in after-hours trading.Zscaler — The cloud security stock slipped 1% even after a better-than-expected report for its fiscal fourth quarter and strong current-quarter guidance. Zscaler reported adjusted earnings of 64...
Taylor Swift performs onstage during her The Eras Tour at Lumen Field in Seattle, July 22, 2023.Mat Hayward/tas23 | Getty Images Entertainment | Getty ImagesTaylor Swift is already a superstar. Now, she's about to put up superhero-style numbers at movie theaters.Days after the pop icon announced her Eras Tour...
David Kowach, former head of Wells Fargo Advisors, and his new firm, &Partners, took another step closer to coming to market last week when Kowach and his partners acquired a broker-dealer and registered investment advisor with $663.8 million in assets, according to filings with regulators. The firm, Wiley Bros.-Aintree...
Westend61 | Westend61 | Getty ImagesExperts have been pointing to a coming downturn for the U.S. economy. The question was when.Now, however, some firms and experts are walking back those predictions, calling into question the validity of once-trusted recession indicator known as the yield curve inversion."While it is true...
Robert Galbraith | ReutersThe Federal Trade Commission last week allowed Amgen to move forward with its $27.8 billion acquisition of Horizon Therapeutics under a settlement agreement – a move that could have ramifications for a string of other pharmaceutical industry buyouts.Some Wall Street analysts said the FTC's decision to...
Fidelis Capital, a registered investment advisor, announced Tuesday that a team that oversaw $4.5 billion in assets at Bank of America Private Bank has joined the firm. The team from BofA, which will operate from an office in Washington, D.C., includes wealth strategist Christopher Tate, portfolio manager Michael Sellers, fiduciary...