Daily Reads 8/9/2019
Hi, everyone. Closing out the week we hear from the Labor Department on the producer price index rising .2% last month, nudging up 0.1%. Falling yields have homeowners rushing to refinance. New insights into dual-registered investors and brokers show this comes with increased fees for clients. The Fed rate cut has come with skepticism, but this may end up helping out those within the millennial generation. And Goldman, which is in charge of deciding who gets the Apple Card, is accepting some applications with lower credit scores.
The Labor Department said on Friday its producer price index for final demand rose 0.2% last month after nudging up 0.1% in June. In the 12 months through July the PPI increased 1.7% after advancing by the same margin in June.
Sharp drop in government-bond yields may have investors worried, but it is boosting the mortgage market
Investment advisers who also are registered as brokers are rife with conflicts of interest and charge their clients more than independent RIAs, according to a new academic study.
The Federal Reserve’s move to cut interest rates for the first time since the Great Recession of 2008 didn’t come as a surprise, but it has been met with skepticism.
Goldman, which is in charge of deciding who gets the Apple Card, is accepting some applications from users with less-than-stellar credit scores, according to people with knowledge of the matter.