The Wealth Advisor

Contributor

The Wealth Advisor is today’s most relied-on source of news and education for planners and advisors. We scan the news so you don’t have to, sending you what you don’t want to miss…but don’t always have time to find yourself without poring through dozens of publications. The Wealth Advisor sends you a handy once-a-week list of the most important news, hand-picked by our staff for its importance to investment advisors and their practices.

Hedge Funds Turn Bullish on Consumer Stocks Ahead of Potential Rate Cuts, Goldman Says

Hedge funds are reversing their bearish stance on stocks as the latest economic data and comments from the Fed revive bets on interest rate cuts.

Grayscale Bitcoin Trust's Shares Jump After First Inflow Since January

Shares of Grayscale Bitcoin Trust jumped 2.4% after the ETF that tracks the price of bitcoin saw its first day of inflow since January.

The FDIC Change That Leaves Wealthy Bank Depositors With Less Protection

New rules implemented last month capped what the Federal Deposit Insurance Corporation (FDIC) will insure in a trust account at $1.25 million.

The Oracle of Omaha Warns About AI: What Buffett Said at Berkshire

Warren Buffett, CEO of Berkshire Hathaway, has mixed feelings about artificial intelligence (AI).

US IRS Targets Sharply Higher Audit Rates on Big Firms, Partnerships, Millionaires

The IRS said on Thursday that it plans to increase audit rates for big corporations, partnerships and multimillionaires over the next three years.