Gold market focuses on yield curve control

Now that futures have cracked $1,800 an ounce, the global gold market wants to know what the Federal Reserve may do next to rescue the U.S. economy, with minutes due Wednesday that are expected to shed light on the central bank’s willingness to embrace yield…

Closing Bell: Today’s biggest small cap movers on the ASX

A quick wrap of the key winners and losers on Wednesday, July 1. Data is taken after the market closes at 4pm EST. Stocks highlighted in yellow made market-moving announcements during the day. Today 874 stocks rose, 463 declined and 776 were unchanged.   WINNERS…

Amateur investors speculating on stocks have pushed markets skywards, but angered some of investing’s biggest names

Dave Portnoy has become the poster-child of a surge in day trading, also dubbed “Robinhood trading” that has helped push markets to record highs and led some to speculate that the next great bubble may be inflating in the markets. Portnoy has gained widespread attention…

Stifel snags $935 million adviser team from Merrill Lynch

Stifel Financial Corp. announced Friday that an adviser team managing $935 million in client assets is leaving Merrill Lynch to join the firm’s broker-dealer subsidiary, Stifel Nicolaus & Co. Inc. The team, which consists of four long-time Merrill Lynch advisers, marks the third group of…

Firms, regulators, plaintiffs’ bar set to determine whether Reg BI protects investors

One of the first major actions Securities and Exchange Commission Chairman Jay Clayton took after assuming his post in 2017 was to release on June 1, 2017, a request for comment on conduct standards for investment advisers and brokers. The investment advice reform regulatory package…