Check out the companies making the biggest moves in premarket trading: Boeing — The aerospace stock added 1.5% following an upgrade to buy from hold by Deutsche Bank. The bank noted Boeing's acceleration of aircraft deliveries and said it believes this improved performance can be sustained. Microsoft — Shares...
Doug McMillon, president and CEO of Walmart Inc. Corporation, participates in a Business Roundtable discussion on the"Future of Work in an Era of Automation and Artificial Intelligence", during a CEO Innovation Summit, on December 6, 2018 in Washington, DC.Mark Wilson | Getty Images"Choiceful" doesn't exactly roll off the tongue,...
Rising costs of acquisitions, higher salaries for employees, and competitive recruiting bonuses for financial advisors, along with the record spike in interest rates, are making it more costly to run large wealth management enterprises. Some are wondering whether that will result in either layoffs a Learn more about reprints and...
Assets in individual retirement accounts are the best assets to give to charity, since they’re loaded with taxes. For those who give regardless, using IRAs to make the gifts can provide tax benefits — but only if it’s done correctly. If not, the tax benefits can be lost. Qualifi Learn more...
The last time Sheryl Garrett attended a White House rollout of a proposal to raise investment advice standards for rollovers, she became one of the stars of the show. When President Barack Obama announced the Department of Labor’s proposal in 2015, Garrett was in the crowd at an aud Learn more...
Sam Bankman-Fried, the founder of fraud-ridden cryptocurrency exchange FTX, presented himself as an altruistic, unkempt genius who found himself unwittingly out of his depth. The jury, however, decided that he was a fraudster who knowingly stole $8 billion of customers’ money. Another example that all that glitters in crypto...
A 230 page proposal, which Finra has submitted to the Securities and Exchange Commission for review, would allow the use of predicted returns in marketing and would apply to brokers dealing with institutions and investors possessing assets over $5 million. The Financial Industry Regulatory Authority Inc. believes that “A member’s...
Goldman Sachs Japan is facing a major transition with the immediate resignation of its president, Masanori Mochida. This abrupt exit marks the end of a notable 38-year tenure for one of Tokyo’s key financial figures. Mochida, who is 69, played a pivotal role in elevating Goldman’s stature in Japan, involving...
National registered investment advisor firm Nepsis Inc. has acquired a full-service tax, accounting, and consultancy firm to expand its brand and offering. The Minneapolis-headquartered firm has acquired Sevenich Butler Gerlach & Brazil Ltd., which will be incorporated into the Nepsis brand a Learn more about reprints and licensing for this article.
UBS Wealth Management USA recently welcomed The Keating Group, a four-member advisory team that had been affiliated with Merrill Lynch, to its ranks. The team, comprised of Maureen Keating, Michael DeCorleto, and Matthew Marques as financial advisors, and Matthew Mardirosian as wealth management associate, brings with them an impressive management...