A new bill was passed in the House this month that aimed at preventing Federal regulators from establishing new rules on Wall Street to increase accountability on the professionals that manage retirement savings.
The bill, titled the Retail Investor Protection Act, was created in response to the Department of Labor(DOL)’s...
It's widely known that Wells Fargo is a big bank. How big? With over $1.9 trillion dollars in assets, Wells Fargo has 8,600 stores and offices in all 50 states and over 13,000 ATMs. It has more stores and serves more communities than any other U.S. bank. At the...
U.S. stocks were slightly lower Tuesday, as stocks dropped following a worldwide drop in bond prices.
At the start of Tuesday, 10-year benchmark Treasury notes had yields upwards of 2.3% for the first time in almost six months, reaching by far their highest point in 2015. European indices were lower...
Following the worst quarter in 4 years, stocks finished the 1st day of the 4th quarter in mixed fashion. Stocks initially fell on the first day of October after the release of The Institute for Supply Management's (ISM) Manufacturing Index which dipped to it’s lowest level since May 2013...
The markets retreated a bit on the last trading day of the week but they are still at or near all-time highs. With that being, said you may be wondering what happened the last time all 3 major U.S. stock indexes were at all-time record highs? Well, that was back...
This morning, the Senate will hold a hearing on the topic of regulatory capture—a term used to describe the often-observed tendency of government officials to become a little too close to the institutions they’re supposed to be regulating.
The impending case made yesterday’s announcement from the Federal Reserve all the...
Last week, a journalist by the name of Kevin Roose published an investigative article in which he revealed his findings of when he infiltrated a Secret Society of Wall Street titans at their annual black-tie induction ceremony.
What did he find out about Wall Street’s secret fraternity called Kappa Beta...
For yet another week, the markets remained fixated on interest rates. Stocks moved down on Wednesday when the Federal Reserve all but confirmed that a rate hike is forthcoming sometime this year. However, comments from Chairperson Janet Yellen revealed little about the timing of that rate hike. As a...
The good news is, the recent volatility market slowed down this week. The bad news? It ended with four consecutive losing days! Concerns over an impending interest rate hike plus worries over the strength of the U.S. dollar sent the Dow and S&P down by more than 2% this...
Stocks fell from their record highs today as comments from one of the Federal Reserve bank presidents spooked investors on Wall Street.
New York Fed President William Dudley said that a September rate hike "is possible."
Dudley told Fox Business Network-
"I don't think my views have changed very much. I think...
