Industry News

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Are we facing a bitcoin panic as currency drops 27% in six weeks?
NEWS INDUSTRY NEWS FEB 28, 2025
Are we facing a bitcoin panic as currency drops 27% in six weeks?

Crypto rout deepens as investors head for safer assets.

By Bloomberg
Tesla tumbles further and there could be worse to come
NEWS INDUSTRY NEWS FEB 28, 2025
Tesla tumbles further and there could be worse to come

Investors are unimpressed with sales, profit in the firm's core auto business.

By Bloomberg
Health plan consumers don't understand what they are buying, report warns
NEWS INDUSTRY NEWS FEB 28, 2025
Health plan consumers don't understand what they are buying, report warns

Half of health insurance enrollees spent less than one hour choosing their plan.

By Steve Randall
Ranks of 401(k) millionaires surged on workers' savings stamina, Fidelity says
NEWS RETIREMENT PLANNING FEB 27, 2025
Ranks of 401(k) millionaires surged on workers' savings stamina, Fidelity says

New data show a 27 percent jump in $1 million-and-up accounts last year, with the average millionaire making contributions for more than two decades.

By Leo Almazora
CFPB dropping Capital One lawsuit alleging it cost customers $2B in lost interest
NEWS REGULATION AND LEGISLATION FEB 27, 2025
CFPB dropping Capital One lawsuit alleging it cost customers $2B in lost interest

The consumer protection watchdog had previously launched a legal action accusing the bank of misleading customers on the interest rates it offers on savings accounts.

By Leo Almazora
Tariffs' shadow hangs over earnings season with concerns topping 2018
NEWS INDUSTRY NEWS FEB 27, 2025
Tariffs' shadow hangs over earnings season with concerns topping 2018

Analysis finds mentions of tariffs at earnings calls exceeded levels seen in President Trump's first term, adding to consumer worries of higher inflation.

By Bloomberg
Another CEO change, suddenly, at Realta Equities, formerly Coastal
NEWS RIAS FEB 27, 2025
Another CEO change, suddenly, at Realta Equities, formerly Coastal

It’s an unannounced leadership shift at a broker-dealer working to rebrand.

By Bruce Kelly
Nvidia earnings no longer mesmerize, but the AI chipmaker remains an advisor bellwether
NEWS RIAS FEB 27, 2025
Nvidia earnings no longer mesmerize, but the AI chipmaker remains an advisor bellwether

The company's fourth-quarter results beat analyst estimates, yet its market leadership is increasingly in question.

By Gregg Greenberg
$1.8B TritonPoint Wealth launches new firm to support independent advisors
NEWS RIAS FEB 27, 2025
$1.8B TritonPoint Wealth launches new firm to support independent advisors

The RIA's new sister firm wants to help advisors "take control of their future" with a transparent ownership model and multi-custodial platform including Raymond James, Schwab, and Fidelity.

By Leo Almazora
Amid steady economy, inflation marked higher at end of 2024
NEWS INDUSTRY NEWS FEB 27, 2025
Amid steady economy, inflation marked higher at end of 2024

The Federal Reserve's preferred yardstick showed prices rising at a faster clip than initially reported, adding to the outsized toll on lower-income households.

By Bloomberg
LPL welcomes $1.15B breakaway team from Wells Fargo
NEWS BROKER DEALERS FEB 27, 2025
LPL welcomes $1.15B breakaway team from Wells Fargo

The six-advisor ensemble based in California marks the latest and largest departure from the Wall Street giant to the broker-dealer titan in the past year.

By Leo Almazora
MassMutual elevates Joe Mallee to head up advisor network
NEWS LIFE INSURANCE AND ANNUITIES FEB 27, 2025
MassMutual elevates Joe Mallee to head up advisor network

The insurance and retirement giant is promoting Mallee as another veteran leader, who's had nearly 20 years at the company, prepares to step down.

By Leo Almazora
Nvidia posts first earnings report following DeepSeek launch; how did it do?
NEWS INDUSTRY NEWS FEB 27, 2025
Nvidia posts first earnings report following DeepSeek launch; how did it do?

Analysts consider whether chipmaker has done enough to fuel rebound rally.

By Steve Randall
SEC charges allege much of investors' $4M was spent on skin care, adult service
NEWS REGULATION AND LEGISLATION FEB 27, 2025
SEC charges allege much of investors' $4M was spent on skin care, adult service

Accused claimed to be a wealthy hedge fund owner to gain trust.

By Steve Randall
Treasury investors bet on Fed shift from inflation to slowing economy
NEWS INDUSTRY NEWS FEB 27, 2025
Treasury investors bet on Fed shift from inflation to slowing economy

Morgan Stanley strategists think 10-year yield could fall below 4%.

By Bloomberg
JPMorgan claims numbers were inflated in alleged $175M 'scam'
NEWS INDUSTRY NEWS FEB 27, 2025
JPMorgan claims numbers were inflated in alleged $175M 'scam'

Exec testifies in Javice fraud trial, defence says firm had 'buyers remorse'.

By Bloomberg
YouTube star MrBeast wants investors at $5B market cap
NEWS INDUSTRY NEWS FEB 27, 2025
YouTube star MrBeast wants investors at $5B market cap

Wealthy people, financial firms among target investors for holding company.

By Bloomberg
Stop penalizing fossil fuels, says global bank's sustainability chief
NEWS INDUSTRY NEWS FEB 27, 2025
Stop penalizing fossil fuels, says global bank's sustainability chief

HSBC executive says doing so could actually slow the energy transition.

By Bloomberg
Endowments' heavy hedge fund allocations 'grossly uneconomic,' study suggests
NEWS ALTERNATIVES FEB 26, 2025
Endowments' heavy hedge fund allocations 'grossly uneconomic,' study suggests

Research finds two-thirds of university endowments have assets in high-priced hedge fund and other alternative investments that have failed to outperform since 2008.

By Leo Almazora
Ameriprise wins one, loses another against LPL in latest recruiting skirmishes
NEWS BROKER DEALERS FEB 26, 2025
Ameriprise wins one, loses another against LPL in latest recruiting skirmishes

Ameriprise has targeted LPL in at least four complaints sinch January 2024, alleging its competitor had unfairly hired its financial advisors.

By Bruce Kelly