Fixed income

Reddit users helped fuel a blistering rally in GameStop, the video game retailer, burning short sellers and hedge funds.

“As of today, Wells Fargo Advisors is not allowing solicitation of those two securities,” a spokesperson for the bank said Wednesday.

The firm said high volume may have curtailed access to its mobile app and urged clients to use its other platforms.

“There is an advantage to funding the debt, especially when interest rates are very low, by issuing long-term debt," Janet Yellen said during her Senate confirmation hearing.

The pending nominations send a clear signal that the rule-cutting and lax enforcement the industry has grown accustomed to under President Trump are over.

For investors, Biden represents an attitude shift from the era of Trump, who famously made the Dow a barometer of his success.

The biggest losses this year came from sectors that suffered the most in lockdown.

While broadening stock-market gains may one day provide more fertile ground for picking equities, right now fundamental managers are struggling.

Global equities notched their largest monthly gain since at least 1988, while multiple major benchmarks are at or near all-time highs.

Once a laggard, the index and its cyclical components have shot up 13% since Halloween, putting it on track for the best month since 1987.