Bernd Vogel | Stone | Getty ImagesBrad Klontz was drawn to financial psychology after the tech bubble burst in the early 2000s.Klontz had tried his hand at stock trading after seeing a friend earn more than $100,000 in one year. But he felt immense shame after the market crashed...
dowell | Moment | Getty ImagesBefore the election, some advisors increased Roth individual retirement account conversions for clients amid the threat of higher taxes after 2025.Now, tax hikes are less likely under President-elect Donald Trump. However, demand for Roth conversions will continue as investors seek long-term tax planning strategies,...
Check out the companies making headlines in midday trading. Tesla — The electric vehicle stock gained nearly 7%, continuing to rally on the heels of Donald Trump winning a second presidential term. The Elon Musk-helmed company saw its market capitalization rise to $1 trillion on Friday. Shares have gained...
Federal Reserve Board Federal Reserve Chairman Jerome Powell speaks during a news conference following a Federal Open Market Committee meeting in Washington on November 07, 2024 in Washington, DC. Kent Nishimura | Getty ImagesFederal Reserve Chair Jerome Powell dodged question after question at his Thursday news conference from a press...
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Gregg Greenberg spent 14 years as a journalist at TheStreet.com where he wrote the highly popular column "The 5 Dumbest Things on Wall Street This Week". His work has appeared in magazines ranging from Glamour to ESPN the Magazine, and on humor sites such as Points in Case.
The Financial Industry Regulatory Authority Inc. is confronting a potential existential challenge in a federal appeals court in Washington, D.C. Judges presiding over the case have raised serious constitutional concerns regarding Finra’s authority to enforce securities regulations. To add to the pressure on Finra, William Barr, the former Attorney General under...
The global exchange-traded funds market was worth $7.3 trillion at the end of the second quarter of 2023, a rise of 5.8% from the previous quarter thanks to inflows of $136.6 billion and market appreciation worth $265 billion. Inflows included $89 billion to equity strategies, $45.9 billion to fixed income,...
Another new wealth management firm has been born in Houston, Texas, as financial advisors Ed Winegar and Gregory Berg, CPWA, CPFA, CRPC TM, CKA, launch their own firm with LPL Financial’s employee advisor channel. The duo was previously with Merrill Lynch where they served approximately $205 million in advisory, brokerage...
The US Commodity Futures Trading Commission brought enforcement actions against three decentralized finance firms and signaled that more may be coming. The CFTC alleged on Thursday that the companies Opyn Inc., ZeroEx Inc. and Deridex Inc. broke the agency’s rules by illegally allowing US customers to trade digital-asset derivatives without registering. The...
Federal Reserve Bank of Dallas President Lorie Logan said that skipping an interest-rate hike at the US central bank’s upcoming policy meeting may be appropriate, while also signaling rates may have to rise further to get inflation back to 2%. The Federal Open Market Committee, the group of Fed policymakers...
Goldman Sachs Group Inc. plans to dismiss underperformers as soon as next month, as part of the Wall Street firm’s annual evaluation of staff, the Financial Times reported. Reductions this year will be at the lower end of the bank’s usual range of 1% to 5% of its workforce, the...
