LPL Financial has gained a team of five advisors previously with Ameriprise, managing approximately $550 million in client assets. Advisors Paul LaBanc CFP, CRPC, AAMS, AWMA and Donald Grassi CRPC, AAMS, AWMA, first went into partnership in 2001 before founding ViewPoint Wealth Partners. The firm now also includes advisors Michael Kozlowski...
Sam Bankman-Fried was convicted of a massive fraud that led to the collapse of his FTX exchange, following a month-long trial that pitted the testimony of the former crypto king against that of some of his closest friends. Bankman-Fried was found guilty of seven counts of fraud and conspiracy after...
European stocks posted modest gains as traders awaited US jobs numbers due later Friday that will test optimism over whether the Federal Reserve’s tightening cycle is nearing an end. The Stoxx 600 added about 0.2% to its strongest week since March. Automakers fared best, with BMW AG rising after increased...
Technical factors no longer stand in the way of a year-end rally in the S&P 500 index, according to Bank of America Corp.’s Michael Hartnett. The bank’s in-house sentiment gauge, the Bull & Bear Indicator, is flashing a contrarian buy signal for a third straight week amid poor equity market...
Sam Bankman-Fried’s conviction for a huge fraud at the FTX exchange raises a deceptively simple question: what next for crypto? The former billionaire was a vocal champion of the industry but now faces decades in jail, a fall that is emblematic of the boom and bust in the digital-asset market...
Capital Group is seeing an opportunity for investors to load up on global equities after the Federal Reserve held rates on Wednesday, signaling an end to its aggressive tightening cycle.“The really big message for investors is that this moment of central banks peaking is likely to be the opening...
French bank Societe Generale reported second quarter results for 2023.Chesnot | Getty Images News | Getty ImagesSociete Generale, France's third-biggest listed bank, posted better-than-expected quarterly earnings onFriday, as a resilient performance from its investment bank offset the steep downturn seen at its French retail division.SocGen's third-quarter reported group net...
Randy Harvard (right), an autoworker of 29 years, stands with other United Auto Workers members after the union called a strike Oct. 23, 2023 at Stellantis' Ram 1500 plant in Sterling Heights, Mich.Michael Wayland / CNBCDETROIT — The United Auto Workers union said Chrysler-parent Stellantis plans to invest $18.9...