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LPL's Rich Steinmeier turns the page on CEO firing with eye on firm's growth
NEWS BROKER DEALERS FEB 06, 2025
LPL's Rich Steinmeier turns the page on CEO firing with eye on firm's growth

Installed after Dan Arnold's abrupt termination, the new leader at LPL Financial is highlighting the firm's refocusing on the individual advisor.

$3,000 gold record in sight on Trump 2.0 fears, Citi says
INVESTING ALTERNATIVES FEB 06, 2025
$3,000 gold record in sight on Trump 2.0 fears, Citi says

Citi analysts project a historic high in three months as tariff and trade war threats fuel a rush for the haven metal.

JPMorgan study warns of tariff-induced market turbulence
NEWS INDUSTRY NEWS FEB 06, 2025
JPMorgan study warns of tariff-induced market turbulence

Stocks will also be impacted by inflation during volatile 2025.

More than 40,000 federal workers take Musk 'buyout' deal
NEWS INDUSTRY NEWS FEB 06, 2025
More than 40,000 federal workers take Musk 'buyout' deal

Union warns against being 'misled by slick talk from unelected billionaires'.

Why are economists fearing a resurgence of global inflation?
NEWS INDUSTRY NEWS FEB 06, 2025
Why are economists fearing a resurgence of global inflation?

Trade-related risks could be the spark that sends prices soaring again.

Fed says 22 Wall Street banks will be stress-tested
NEWS INDUSTRY NEWS FEB 06, 2025
Fed says 22 Wall Street banks will be stress-tested

Annual analysis of banking resilience has been announced.

Duke’s Cam Harvey pegs cost of portfolio rebalancing at $16B
RETIREMENT RETIREMENT PLANNING FEB 05, 2025
Duke’s Cam Harvey pegs cost of portfolio rebalancing at $16B

Research finds mechanical shifts in exposures have given an edge to hedge funds and other speculators, leading to steep costs for pension funds.

Franklin cuts workforce by 3% following Wamco outflows
INVESTING MUTUAL FUNDS FEB 05, 2025
Franklin cuts workforce by 3% following Wamco outflows

The money manager is planning up to $250 million in expense reductions as fallout from its besieged bond management subsidiary continues.

US equity futures fall with big name earnings in focus
INVESTING EQUITIES FEB 05, 2025
US equity futures fall with big name earnings in focus

Trade war concerns are also increasing, weakening global stocks.

Bond traders cautious as tariff play clouds outlook
INVESTING FIXED INCOME FEB 05, 2025
Bond traders cautious as tariff play clouds outlook

Economic uncertainty could fuel turbulent market.