Most Clicked CFA Institute Financial NewsBrief Stories


1. Raising minimum wage would hurt the poor, Buffett says

CFA Institute Financial NewsBrief | May 04, 2015

Income inequality in the U.S. is "extraordinary," but raising the federal minimum wage isn't the answer because ultimately it will hurt the poor, said billionaire Warren Buffett, Berkshire Hathaway's chief executive. "I don't have anything against raising the minimum wage but I don't think you can do it in a significant enough way without creating a lot of distortions," he said. Bloomberg (02 May.)


2. Fed lowers economic outlook, maintains rates

CFA Institute Financial NewsBrief | Apr 30, 2015

The Federal Reserve scaled back its view of prospects for the U.S. economy and labor market and said it would have to see more encouraging data before it considers raising interest rates. Meanwhile, the Commerce Department said economic expansion dropped to 0.2% in the first quarter from 2.2% in Q4. The central bank probably won't raise rates before Q3, analysts said. Reuters (29 Apr.) Los Angeles Times (tiered subscription model) (29 Apr.)


3. High-speed trading prompts concern from global regulators

CFA Institute Financial NewsBrief | May 01, 2015

The Senior Supervisors Group, which includes financial regulators representing the EU, the U.S. and other jurisdictions, says stricter standards must be established to reduce systemic risk from algorithmic trading. "An error at a relatively small algorithmic trading firm may cascade throughout the market, resulting in a sizable impact on the financial markets through direct errors or the reactions of other algorithms," according to a briefing note from the group. Market News International (30 Apr.) Wall Street Journal (tiered subscription model), The (30 Apr.) Reuters (30 Apr.)


4. Previous gains disappear from ECB's bond-buying program

CFA Institute Financial NewsBrief | May 04, 2015

Rising European bond yields have wiped out the gains that the European Central Bank has accumulated since it launched its bond-buying program. Eurozone governments trying to lock in lower borrowing costs by selling longer-dated debt have created an oversupply in the government bond market, and bond buyers are responding to it. Bloomberg (03 May.)


5. Deal with international lenders coming soon, Greek official says

CFA Institute Financial NewsBrief | May 04, 2015

Discussions between Greece and its international lenders could lead to an agreement to release financial aid for Athens this month, a Greek official said. "There were very important steps made at the Brussels Group [talks] which bring an agreement nearer," the official said. The talks will resume Monday. Reuters (03 May.)


6. Greece makes more concessions in bid to keep euro

CFA Institute Financial NewsBrief | May 01, 2015

While trying to hold the line on key election promises, Greece's Syriza government signaled its biggest concessions yet in talks with creditors, including the sale of majority stakes in the country's two biggest ports as well as tax and pension changes. The moves came as Athens deployed a new, enlarged negotiating team. Reuters (30 Apr.)


7. Greek referendum possible to validate debt deal, Tsipras says

CFA Institute Financial NewsBrief | Apr 28, 2015

Greek Prime Minister Alexis Tsipras says he will call a referendum to validate a debt agreement with the EU if it conflicts with commitments his party made before the election. International creditors are demanding an increase in value-added tax and changes to the labor and pension systems that are unacceptable to the government, Tsipras says. Market News International (27 Apr.)


8. Advisers increasingly focus on cutting taxes for retirees

CFA Institute Financial NewsBrief | May 04, 2015

Advisers are scaling up efforts to make sure that retirees pay as little in taxes as possible when they withdraw funds from retirement portfolios. The American Taxpayer Relief Act, which took effect in 2013, contained many new rules for high-income taxpayers. InvestmentNews (free registration) (03 May.)


9. U.S., Iran "closer than ever" to nuclear deal, Kerry says

CFA Institute Financial NewsBrief | Apr 28, 2015

U.S. Secretary of State John Kerry told a U.N. conference on the nonproliferation of nuclear weapons that the U.S. and Iran are "closer than ever" to a comprehensive agreement governing Iran's nuclear program. However, "the hard work is far from over, and some key issues remain unresolved," he said. Kerry and Iranian Foreign Minister Mohammad Javad Zarif held a meeting on the sidelines of the conference. ABC News (27 Apr.) Reuters (27 Apr.) Press TV (Iran) (28 Apr.)


10. Senate rejects measure to consider Iran nuclear deal a treaty

CFA Institute Financial NewsBrief | Apr 29, 2015

The U.S. Senate voted against an effort to require any nuclear deal the Obama administration reaches with Iran to be considered a treaty, which must be ratified by two-thirds of the chamber. Reuters (28 Apr.) Washington Times, The (28 Apr.)