Fed rate cut back in play after July jobs miss with 73,000 added to nonfarm payrolls
Hiring slows in July as downward revisions and rising unemployment rate strengthen the case for a Federal Reserve rate cut.
LPL Financial sticking to its guns with retaining 90% of Commonwealth’s financial advisors
“We continue to feel confident about our ability to capture 90%,” LPL CEO Rich Steinmeier told analysts during the firm’s…
Mercer Advisors expands in Florida with $1.2B AUM next-gen team
It’s the mega-RIA firm’s third $1B+ acquisition in just three months.
WisdomTree to acquire $1.85B AUM specialist asset manager
The deal marks a strategic entry into private asst markets for the ETP, ETF innovator.
Trump raises tariffs on Canada to 35%, keeps USMCA exemption
Move escalates trade tensions between Washington and Ottawa.
Tariffs weigh on global stocks; Amazon slumps: Markets Wrap
Selloff extended as countries hit by new wave of trade levies.
Bond traders await jobs report for clues on Fed’s rate-cut path
Employment data is released Friday which could signal next move.
Trump asks bank CEOs to pitch Fannie, Freddie stock offering
Wall Street leaders propose ways to monetize the mortgage giants.
Alternative investment winners and losers in wake of OBBBA
Changes in legislation or additional laws historically have created opportunities for the alternative investment marketplace to expand.
Raymond James, Osaic laud new bank partnerships
A Texas-based bank selects Raymond James for a $605 million program, while an OSJ with Osaic lures a storied institution…