BofA’s Hartnett Warns Overbought Global Stocks Face Sell Signal

Global equities are flashing an overbought warning, with moving averages already at levels that historically mark a sell signal for risk assets.

Featured

Wealth Inequality and the ‘K-Shaped’ Economy are More Striking Than Ever, Data Shows

The gap between the best and worse off Americans is growing — and economists don’t see an end in sight.

Trump Nominates Kevin Warsh to be Next Fed Chair

Opting for a conventional choice to lead the Federal Reserve, President Trump on Friday nominated former Fed governor Kevin Warsh.

Software Stocks Enter Bear Market On AI Disruption Fear With ServiceNow Plunging 10%

Investors question whether AI competitors and automation tools could erode demand for traditional software licenses and workflows.

Recent

Tesla Stock Falls As Trump Ends EV Mandate, Looks To Eliminate Subsidies

Tesla (TSLA) stock sank as much as 3% Tuesday, reversing premarket gains on the first trading day since the inauguration of Donald Trump.

Advisor Wellness

LPL Financial Settles Allegations Of Inadequate Anti-Money-Laundering Procedures

LPL Financial has agreed to pay $18 million to settle allegations of failing to close or restrict accounts due to inadequate AML procedures.

Goldman Sachs Shuffles Management To Strengthen Wall Street Businesses

Goldman Sachs is tapping a slew of executives to lead its most important Wall Street businesses, it said on Tuesday.

Washington Wire

Bank Of America CEO: The Federal Reserve May Have To Respond To Trump

The Fed now needs to be on Trump watch if it wants to engineer the proper dose of monetary policy, according to Bank of America chief Brian Moynihan.

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Washington Wire

IRS Owes Some Taxpayers Refunds For Pandemic-Era Penalty Tax Relief, Watchdog Audit Finds

JPMorgan, Bank Of America Announce $1,000 Trump Account Match As Corporate America Support For Retirement Scheme Deepens

The Dollar Could Have Further To Fall As Its Decline Creates A ‘Double-Edged Sword’ For America

Hot Takes: Tesla, Meta, And Microsoft Quarters Are Wildly Different

The Trust Advisor

Prince Andrew’s Daughters Beatrice And Eugenie ‘Angry’ As $60 Million Inheritance ‘Wiped Out’