News

Former Morgan Stanley Advisor Barred for Alleged Kickback Scheme
Joseph Eisler allegedly entered into a secret profit-sharing arrangement with a client involving shares of newly issued stock ...
Powell Speech Today: Fed Head Warns of ‘Challenging Scenario’
President Donald Trump’s tariff policy will likely lead to higher inflation and slower growth, Federal Reserve Chair Jerome ...
Tariffs Are Roiling Markets. Here’s What Financial Advisors Are Telling Clients.
A key gauge of fear remains at elevated levels amid the bumpy rollout of tariffs. Here’s how advisors are helping clients ...
Hurricane Ian Makes Landfall Near Fort Myers as Category 4 Storm
Hurricane Ian made landfall near the island of Cayo Costa, Fla., Wednesday afternoon as a Category 4 storm. More than a ...
Oil Futures Decouple From Equities to Post Gains
Oil futures defy a tech-led slide in equities and post gains, held up by a report that China is willing to talk trade with the U.S. under certain conditions, further losses in the U.S. dollar, and a ...
Nasdaq Down 4.4%, Dow Down Nearly 900 Points Heading Into the Close
Stocks continued to slide heading into the final hour of trading. The Dow dropped 890 points, or 2.2.% The S&P 500 fell 3.1%. Thee Nasdaq Composite slid 4.4%. Wall Street was already selling tech stoc ...
Fed Independence Is a Matter of Law
Powell said that he is closely monitoring a case making its way through the Supreme Court that could threaten the independence of the Fed. The case challenges an FDR-era precedent known as Humphrey’s ...
Fed Won’t Intervene in Markets. They’re Acting as Expected, Powell Says.
The Fed won't intervene in a stock market plummet, Powell said. President Trump’s tariff policy has sent the stock and bond markets on a whiplash-inducing ride this month. Powell said he wasn’t overly ...
Stock Slide Picks Up Steam. Dow Down 700 Points.
Stocks took a turn lower on Wednesday as Federal Reserve Chair Jerome Powell spoke at the Economic Club of Chicago. The Dow Jones Industrial Average was down 700 points, or 1.7%. The S&P 500 was down ...
Fed Likely Won't Make Progress on Inflation, Employment Goals This Year
President Trump’s tariff policy will likely wipe away any progress made on reducing inflation and keeping employment stable by the Fed this year, said Powell. There is a strong likelihood that unemplo ...
Treasury Yields Fall as Powell Talks About Tariffs and Fed Policy
Treasury yields decline as Fed Chair Powell speaks at a conference in Chicago. The monetary policymaker says tariffs could raise prices and unemployment at the same time, making decisions on interest ...
How Powell Is Thinking About the Economy
Current economic data indicate that economic growth weakened in the first three months of this year, said Powell on Wednesday. “The data in hand so far suggest that growth has slowed in the first ...