A big theme in the retirement savings world next year will be emergency savings accounts. Starting in 2024, a provision of the Secure 2.0 Act kicks in that allows employers to add emergency accounts alongside their 401(k) plans. Those Roth-style accounts will be able to hold as much as $2,500...
Finra arbitrators rarely reveal the reasoning behind their decisions. But this week, a panel went into unusual detail to explain to Latin American victims of a Ponzi scheme why they won’t be able to collect damages against a major brokerage. More than 100 claimants, most of them from Ecuador, filed...
Fintech giant Klarna has reached an agreement with workers that were set to strike next week, the company told TechCrunch today. Klarna employees were planning to strike next week in the fintech’s home country of Sweden, as reported by tech.eu. The dispute was reportedly over the lack of a Collective Bargaining...
The company's LV0010 rocket stands on the launchpad at Florida's Cape Canaveral ahead of the NASA TROPICS-1 mission.AstraStruggling space company Astra disclosed in a securities filing late Friday that it defaulted on a recent debt agreement and may not be able to raise needed cash as funds dwindle.Astra twice...
Normann Financial has found a new home at Captrust Financial, both companies announced Friday. Sanford, North Carolina-based Normann Financial Group currently manages more than $1.3 billion in assets. Kel Normann started at Interstate Securities in 1986, which merged with Johnson Lane in 1988; that firm became Wachovia Securities, which merged with...
DraftKings, a fantasy sports websiteGetty ImagesThe growth of online sports betting and casino gaming across the U.S. has led to soaring revenue for sportsbook companies, but an already crowded race for consumers' dollars is about to get more competitive.DraftKings, which reported quarterly results that beat Wall Street's estimates on Thursday,...
In an increasingly chaotic world, more clients are asking their advisors to have a little faith. ESG may have dominated the headlines, but faith-based investing has steadily — and quietly — been on the rise, according to a number of faith-based advisors contacted by InvestmentNews. Chris McMahon, CEO of Aquinas...
Raymond James Financial Inc. this week said that the president of its independent contractor division, Jodi Perry, has been promoted to the newly created role of national head of advisor recruiting. She officially starts her new position Jan. 1, according to a statement from the company. Shannon Reid,...
United Auto Workers President Shawn Fain gestures in solidarity with striking workers during a rally at UAW Local 551 on Saturday, Oct. 7, 2023, in Chicago. John J. Kim | Tribune News Service | Getty ImagesDETROIT – United Auto Workers President Shawn Fain wants to expand the union's battle from...
