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| Products, Deals and People | |
| SEI Adopts Multi-Asset Software Platform | |
| SEI has selected Milestone Group’s pControl multi-asset software platform to support the growth of its outsourced chief investment officer (OCIO) business. pControl will initially administer the automated allocation of daily cash flows and rebalancing of complex portfolios for SEI’s Institutional Group. Read more > | |
| Economic Events | |
The Producer Price Index for final demand increased 0.6% in January, the Bureau of Labor Statistics reports. Final demand prices rose 0.2% in December and 0.5% in November. In January, the final demand goods index increased 1.0%, and prices for final demand services moved up 0.3%. | |
| Market Mirror | |
Tuesday, the Dow gained 92.25 points (0.45%) to finish at 20,504.41, the NASDAQ closed 18.62 points (0.32%) higher at 5,782.57, and the S&P 500 increased 9.33 points (0.40%) to 2,337.58. The Russell 2000 was up 4.28 points (0.31%) at 1,396.65, and the Wilshire 5000 climbed 96.60 points (0.40%) to 24,458.93. On the NYSE, 3.1 billion shares changed hands, and on the NASDAQ, 3.0 billion shares traded, with a slight lead for advancing issues on both exchanges. The price of the 10-year Treasury note was down 11/32, increasing its yield to 2.471%. The price of the 30-year Treasury bond decreased 20/32, bringing its yield up to 3.062%. | |
| Compliance | |
| UC Regents Sued for Interference of Benefits | |
| A former employee of the University of California San Diego Health division, argues in a new lawsuit that she was “forced to resign” from her job because the university wanted to prevent her from accruing full retirement pension and health benefits. The lawsuit also contends the defendant or its employees “discriminated against and/or harassed plaintiff on the basis of her age and gender.” Read more > | |
| Ask the Experts | |
| Payroll Versus ACH Deductions for Loan Repayments | |
| “Do the Experts have a preference between payroll deduction or automatic checking account deductions (ACH) for loan repayments?” Read more > | |
| Small Talk | |
| A study finds that for some workers, the ‘honeymoon’ is over after the first year of work; however, two studies show the longer a person stays on a job, the more pleased they are with it. Read more > | |
ON THIS DATE: In 1758, mustard was advertised for the first time in America. In 1842, adhesive postage stamps were used for the first time by the City Dispatch Post (Office) in New York City. In 1879, U.S. President Rutherford Hayes signed a bill that allowed female attorneys to argue cases before the U.S. Supreme Court. In 1903, Morris and Rose Michtom, Russian immigrants, introduced the first teddy bear in America. In 1933, U.S. President-elect Franklin Roosevelt escaped an assassination attempt in Miami. Chicago Mayor Anton J. Cermak was killed in the attack. In 1946, Edith Houghton, at age 33, was signed as a baseball scout by the Philadelphia Phillies, becoming the first female scout in the major leagues. In 1953, the first American to win the women’s world figure skating championship was 17-year-old Tenley Albright. In 2002. U.S. President George W. Bush approved Nevada’s Yucca Mountain as a site for long-term disposal of radioactive nuclear waste.
WEDNESDAY WISDOM (maybe not a wisdom, but funny): “I grew up with six brothers. That’s how I learned to dance—waiting for the bathroom.”—Bob Hope, actor and comedia | |
| Share the news with a friend! Pass the NewsDash along—and tell your friends/associates they can sign up for their own copy. Read more > |
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com
Advertising: Paul Zampitella paul.zampitella@strategic-i.com
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