MORE ‘NICHE’ ADVISORS FOCUSING ON WOMEN’S FINANCIAL EMPOWERMENT: Despite accounting for more than half the population, women are often classified as a “minority.” The few advisors focused on women are, therefore, considered “niche” practitioners but as feminine financial clout grows, honing in on women’s needs can pay off. Read more
MARTOMA SENTENCING: A New York federal judge is set to deliver what could be the harshest sentence for insider trading to date. Mathew Martoma, a former portfolio manager at CR Intrinsic, a subsidiary of SAC Capital, was found guilty of insider trading in February for his role as “the central figure in the most lucrative insider trading scheme,” in U.S. history, as authorities described it. Read more
UNHAPPY FARMERS: A new survey released Monday shows overall agriculture producer confidence has fallen to a two year low. This is a result of falling prices in commodities and record harvests of corn and soybean. But in a reverse trend, confidence among livestock producers remains high, as meat prices continue to climb and lower feed and input costs bring in profits. Read more
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