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FJY News to Know #24

U.S. Household Net Worth Bounces Back — And Hits A New Record

Even despite the U.S.-China trade war, the U.S. household wealth has hit a new record — thanks in part to the rising stock market. The Federal Reserve reports that the household and non-profit groups net worth increased by $4.69 trillion in the first quarter of the year. Read on to discover other factors that have contributed to this rebound.

Lower Interest Rates? Strategies to Prepare Your Portfolio

The markets are now betting that the interest rates may fall—a first since December 2008. That would have different consequences for savings, bonds, and stock vehicles such as money-market funds. Both long and short-term investors who are caught unawares might miss out on an opportunity to increase or safeguard their incomes. Explore some of the time-tested strategies that you, as a trader or investor, can use to prepare your portfolio.

Job Growth Jolted to A Sudden Halt This May with Private Payrolls Up by Only 27k

Job growth has plummeted in May. There were only 27,000 new positions added by companies during the month. That is according to a report by the ADP and Moody’s Analytics. Unfortunately, it’s well below the 113,000 estimated by Dow Jones. Small businesses were affected the most as they lack the resources to compete with bigger companies. Could this be a potential omen for job growth? Keeping reading to find out what all this means for the employee landscape.

SEC Adopts New Broker Rules to Avoid Broker Conflicts

SEC passes Regulation Best Interest, which is basically the new rulebook for brokers, who are also referred to as registered representatives. ‘Act in your clients’ best interest’ — that’s what the rules are aimed at. However, investor advocates maintain that the term ‘best interest’ is still too vague — as the SEC defines it.  The changes require compliance by June 2020, and it will be interesting to see how quickly financial institutions adjust.