President Financial News

A new survey from Totumai, a technology firm dedicated to enhancing advisor-client communications, offers a fresh perspective on the shifting financial advisory landscape, particularly with respect to using generative AI.

Cetera has just deepened its bench of talent by drafting a seasoned advisor to its ranks.

Despite economic challenges from inflation and rising interest rates, donors on Fidelity Charitable came together to make 2023 the platform’s most impactful year yet.

After LPL Financial Holdings Inc. said Tuesday thatit was buying broker-dealer network Atria Wealth Solutions Inc. for a base price of $805 million, the company’s shares popped.

Clients might have an overconfidence problem when it comes to retirement planning, claiming Social Security, and overall personal finance.

Retired U.S. Army Blackhawk helicopter pilot Lt. Col. Darin Gaub says the only hope to mitigate conflict in the Middle East is for Israel to uphold its defense.

The national security adviser to the White House said on Wednesday that a confidential meeting with congressional leaders was already scheduled before a leading House Republican called on President Joe Biden to «declassify all information» linked to a «serious national security threat,” ABC News reported on Wednesday.

By Caroline Valetkevitch

Love is in the air

William Post, a Michigan man who played an important role in the development of Pop-Tarts, has died at age 96

The Phoenix Suns announced Wednesday they have acquired the rights to a G League franchise that will begin play next season, meaning all 30 NBA teams now own or operate a team in the developmental league

Poland’s National Security Bureau says the country's president has met the CEO of U.S. manufacturer Lockheed Martin about strengthening security in the region and continued U.S. investment in Poland’s military weapons and equipment

Raymond James is bolstering its presence in the wealth management space as it brings on board a seasoned financial advisor previously with Morgan Stanley.

Chamber of Trade and Industry (CTI). The CTI said that every day around three lakh people come from NCR for shopping. Due to farmers' movement, less than one lakh people are coming. According to Brijesh Goyal, chairman of CTI and president Subhash Khandelwal, the leading organisation of traders, the number of customers in Delhi markets has declined by 75 per cent, with more than 15,000 commercial vehicles have been stopped from entering the city and more than 25,000 commercial vehicles stuck in Delhi. Around three lakh buyers from NCR cities — Sonipat, Panipat, Rewari, Bahadurgarh, Narnaul, Gurgaon, Bawal, Noida, Faridabad, Ghaziabad etc — visit the markets of Delhi every day, the statement said.

Indian National Congress on Wednesday announced the list of six candidates from Karnataka, Madhya Pradesh and Telangana for the Rajya Sabha elections to be held on February 27. The party has fielded AICC treasurer Ajay Maken, Rajya Sabha MP Syed Naseer Hussain and GC Chandrashekhar from Karnataka. Ashok Singh has been fielded from Madhya Pradesh, while former MP Renuka Chowdhury and Anil Kumar Yadav will contest from Telangana.

₹154.05, 5% lower than its previous close of ₹162.15, but rec-overed in the last half hour of trade to close up 5% at ₹170.25. The rise from the lower circuit happened as bulls turned the tables on bears in the last hour of trade. The Nifty, which opened down three-quarters of a per cent at 21,578.15, fell to a low of ₹21,530.2, and remained in the red until 2:30 pm—market runs from 9:15 am-3:30 pm—recovered and closed higher by two-fifths of a per cent at 21,840.05.

Congress regime’s second budget slated for Friday, hotels and restaurants are pressing the government for the industry status and easing out licensing challenges. An industry status like restaurants in Gujarat and neighbouring Maharashtra enjoy, would give them benefits in property tax and electricity tariffs. Only selected five-star hotels in Karnataka have received the status till date, South India Hotel Association president Shyama Raju told ET. “Hotels in Maharashtra got this status a few years ago…we hope that if the Karnataka government comes through, the rest of the south Indian states would follow suit,” Raju, who is the MD of Bengaluru’s Hotel Maurya said.

Narendra Modi ceremoniously unveiled the first Hindu Mandir in Abu Dhabi on February 14, 2024. His address following the inauguration encompassed a range of sentiments, from requesting a standing ovation for UAE President Mohammed bin Zayed Al Nahyan to embracing the identity of a devotee of Mother India, as he referred to himself as «Maa Bharti ka Pujari.» Here's a breakdown of the key points from PM Modi's Abu Dhabi speech. UAE's Golden Chapter During the inauguration, Modi praised the UAE's leadership, stating, «The UAE has written a golden chapter» by allowing the construction of the temple. He acknowledged the years of hard work and dreams invested in the project, emphasising its spiritual significance for the Hindu community. He also mentioned the blessings of Swaminarayan, the founder of the BAPS movement.

Kamalakhya Dey Purkayastha resigned from his post of working president of the state Congress and announced his support to the development projects of the BJP led government in Assam. Congress Mangaldoi MLA Basanta Das also announced his support to the BJP led government in Assam. Both the leaders had a meeting with chief minister Himanta Biswa Sarma. Purkayastha who is MLA from North Karimganj in letter to Assam Congress president Bhupen Kumar Borah said,” Sir do hereby resign from the post of Working President, Assam Pradesh Congress Committee with immediate effect and continue the work only as Primary member Of the Congress party”. Talking to media persons Puryakastha said he and Das had decided to support the development work of the BJP government in Assam. “We support the development of the constituency, state. We will give our cooperation to the government so that there is no politics in the field of development.”

Bank of Nova Scotia said Jake Lawrence is leaving his role as chief executive of the lender’s capital-markets business to take a senior role at the Desmarais family’s holding company.

Sakshi Malik and Bajrang Punia on Wednesday alleged that national federation chief Sanjay Singh used devious means to get the suspension on WFI lifted by United World Wrestling (UWW) and threatened to restart their agitation against the body. The UWW on Tuesday lifted the provisional suspension on India but directed the national federation to provide written guarantees that there would be no discriminatory action against the protesting trio of Punia, Malik and Vinesh Phogat. The suspension was imposed by UWW in August last year after the WFI failed to hold elections in time. Punia, Malik and Phogat have been protesting for more than a year, demanding the arrest of former WFI chief Brij Bhushan Sharan Singh for allegedly sexually harassing women grapplers.