Powell Says Fed Can Wait to Reduce Interest Rates as Trump Demands Cuts
Fed will continue to wait and see how the economy evolves before deciding whether to reduce its key interest rate, Chair Jerome Powell said.
Envestnet Expands Access To Alts: Integrated Models, Advisor-Traded Capabilities
Envestnet, a leading provider of integrated technology, intelligent data, and wealth solutions, has announced a major advancement to its alternative investment capabilities— professionally managed model portfolios with semi-liquid alternative allocations and alternative ETFs developed in partnership with some of the industry's leading asset managers and available through Envestnet's Unified Managed Account (UMA) platform.
Wealthfront Signals IPO Intentions with Confidential Filing
Palo Alto-based robo-advisor Wealthfront has taken a significant step toward going public by confidentially filing for an initial public offering.
Hedge Fund Leverage Reaches Five-Year High, Buying Bank Stocks, Goldman Sachs Says
Hedge fund leverage hit a five-year high last week, with speculators buying banks, trading companies and insurance firms, Goldman Sachs data showed.
After US Strikes on Iran, Trump has Intensified His Rhetoric, Demands Oil Prices Stay Down
Trump intensified his rhetoric following U.S. military strikes on Iranian nuclear facilities over the weekend, demanding that oil prices remain low.