County Wells Financial News

Wednesday's hotly anticipated Consumer Price Index (CPI) is at the top of most investors' minds as they tweak expectations on the timing and extent of the Federal Reserve's rate-cutting phase, following robust economic data such as last Friday's blockbuster employment report.

WWE Wrestlemania 40 held in Philadelphia broke many earlier records and became the most successful live event in the company's history. Cody Rhodes won the Undisputed Universal Championship beating Roman Reigns and The Rock's in-ring return. According to 'Variety', the sporting event took place two nights at Lincoln Financial Field in Philadelphia. With 145,298 in attendance across both nights this year, it broke the record of attendance of Wrestlemania 39. It was 78 percent more compared to last year. Similarly, the sale of merchandise was up by 20% over last year. According to the company, WWE World became the highest-grossing and most-attended fan event in its history. During the program, broadcaster Michael Cole said that the road to WrestleMania kick-started 17 consecutive sellouts for WWE’s televised events. Monday’s show drew the largest gate in its history and broke the record of last week’s show at the Barclays Center in Brooklyn.

global capability centres (GCCs) in India slowed in the year to March based on a dipstick survey of 80 companies by specialist staffing firm Xpheno for ET. While India remains a hotspot for GCCs, with the number of such centres growing, the segment added a net 50,000-80,000 people in FY24, down from 150,000 in FY23.

West Virginia’s treasurer announced that he is restricting four financial services firms from providing state banking services because he says they “boycott” the fossil fuels industry.

Wells Fargo Advisors continues to tinker with its compensation plan for advisors, this time focusing on a series of changes to its fee on advisory programs that could add to or subtract from financial advisors’ pay.

RBC Wealth Management is adding another half a billion in assets to its enterprise as its Western US division drafts two multigenerational advisor teams that collectively managing $500 million in client assets.

Wells Fargo raised its year-end target for US benchmark S&P 500 index to 5,535 on Monday — the highest among Wall Street brokerages — citing optimism around artificial intelligence and a potential easing of borrowing costs. The index has gained 9% so far this year, broadly boosted by expectations of interest rate cuts and investor frenzy around the AI boom.

The Labor Department releases its March report on prices at the consumer level Wednesday

Sumit Nagal became the first Indian to enter the Monte Carlo Masters singles main draw in 42 years, beating Facundo Diaz Acosta of Argentina in a three-setter in the final qualifying round here on Sunday. Nagal, ranked 95th in the world, defeated his world number 55 rival 7-5 2-6 6-2 in a gruelling match that lasted two hours and 25 minutes. In the first round of the main draw, he will meet world number 35 Matteo Arnaldi of Italy in the clay court tournament. The 26-year-old Nagal was following the footsteps of the legendary Ramesh Krishnan, who had made it to the main draw of the same tournament in 1982.

ALSO READ: Federal Reserve Bank of Minneapolis Neel Kashkari hints at holding off rate cuts The inflation reading -- consumer price index (CPI) – for March and the minutes of Fed’s March FOMC (Federal Open Market Committee) meeting will be released on April 10 (Wednesday). The producer price index (PPI) data for March is slated to be released on April 11 (Thursday). April 12 (Friday) will see the release of import price index (IPI) data for March and a preliminary report on consumer sentiment for April.

Two wealth management industry veterans have joined Sanctuary Wealth in leadership roles to build on the firm’s network of partner firms with around $30 billion in assets under management.

Callan Family Office, a bespoke investment advisory firm based in Pennsylvania, has just achieved a significant asset milestone.

A duo of advisors formerly with Key Private Bank has joined boutique wealth manager Bison Wealth.

U.S. refiners are heading into the summer driving season at full speed. Shares of Marathon Petroleum are up 45% year to date, while Valero and Phillips 66 are up 39% and 30%, respectively.

Goldman Sachs Group Inc., Barclays Plc, Citigroup Inc. and Wells Fargo & Co., according to Monday’s filing with the US Securities and Exchange Commission, confirming a Bloomberg News report. The company plans to list its shares on the New York Stock Exchange under the symbol RBRK.

Shoppers may get a bitter surprise in their Easter baskets this year

LPL Financial is broadening its East Coast presence yet again as it onboards a New Jersey advisor trio from Wells Fargo. The firm announced the addition of Erick Simonds, Eugene Sninski II, and Lisa Sninski, as they bring Windward Wealth Advisors to the firm’s broker-dealer and custodial platforms.

By Tatiana Bautzer, Lananh Nguyen and Manya Saini

Wells Fargo strategists said Wednesday the S&P 500 valuations appear “stretched by most measures,” including the widely followed price-to-earnings (P/E) ratio.

Laffer Associates founder and Chairman Art Laffer reacts to potentially replacing Jerome Powell as Fed Chair and discusses whether the Fed will cut interest rates in 2024 on 'Making Money.' #foxbusiness #makingmoney

Payne Capital Management President Ryan Payne weighs in on the U.S. economy, arguing that purchasing power will continue to ‘strengthen’ for the American people.