Ozempic’s Novo to invest $4.1B in another US factory
Drugmaker wants to bring down cost in its biggest market.
New York’s congestion costs the city $9B in lost time
Chicago, LA, and Boston also make the global list.
With 10 years to go, near-retirees have a shot to avert the midlife retirement crisis
Prudential Life says there’s hope for 55-year-olds even as trends of inflation, disappearing DB pensions and “silver squatters” wear on.
Stock rally loses steam as AI darling Nvidia enters correction territory
After a Cinderella run to become the most-expensive S&P 500 stock, the chipmaking colossus plunged nearly $400B.
Fidelis Capital adds UHNW planning cred with veteran hire
Douglas Rothermich joins the firm from TIAA, where he had oversight of all HNW planning, and worked directly with clients holding more than $1B in assets.
Cetera welcomes Northwestern Mutual alum to CCO role
The organization revealed Gwen Weithaus, who has more than 30 years' experience, as the new compliance chief for its investment services arm.
No reason to abandon bull market yet, says Federated Hermes strategist
The road ahead might get choppier, but there's no obvious reason to deviate from the path, says Federated Hermes strategist Steven Chiavarone.
Morgan Stanley faces Reg BI lawsuit over interest in cash sweep accounts
The firm fell short of its fiduciary duty by paying customers dismal rates compared to what’s available in the market, according to class action.
Massachusetts moves to limit REITs’ hospital ownership
High-profile hospital collapse sparks legislative action to ban REITs as landlords that experts say misses the mark.
SCS Financial taps Lane MacDonald for CIO role
The three-decade veteran will lead the continued growth of the Focus Financial partner firm’s investment platform.
Three forces that will accelerate the drive toward independence
Shifts in the broad wealth landscape have tipped the balance in favor of breakaways, argues industry veteran Scott MacKillop.
Schwab Charitable unveils new brand as it reaches quarter century milestone
The new name reflects desire to attract a new generation of donors.
More Americans have zero or inadequate emergency savings
And those that do are not happy with what they have saved.
Couples may talk less about finances as stress levels rise, study reveals
Despite being the most in need of open discussion, people may stay silent.
Could high rates last forever? Bond markets think so
While the Fed is expected to cut once this year, the future is less certain.
Is a dairy cabinet product about to spark surge for makers?
Ozempic-led obesity-treatment craze boosting demand for other products.
Crypto cracks emerge as Bitcoin suffers second-worst week of 2024
Fed rates speculation is weakening cryptocurrency market sentiment.
Most boomers content in retirement, but Social Security dependence is still real
Survey of retired Baby Boomers unpacks ongoing retirement income reliance, significant financial stress, and intentions for inheritance.
Raymond James adds veteran advisor in Central Florida
With more than 25 years’ experience, the newest addition to the broker-dealer’s employee advisor channel managed north of $250M at Ameriprise.
Allspring braces to leap into active ETF space
The mutual fund giant’s move to adopt Vanguard’s dual-class model puts it in the running with other asset managers looking for a stake.
