Brokerages need to pick up the pace
May 29, 2024

Brokerages need to pick up the pace

Stock trades must now be finalized by the end of the following business day. Previously, it was two business days.

Segments From this episode

New SEC rule says stock trades must be finalized more quickly

May 29, 2024
Trades must be finalized by the end of the following business day to minimize failures in volatile markets.
"The more a trade is unsettled, the more exposure it has to a fail," said Bob Walley of Deloitte Risk & Financial Advisory.
Michael M. Santiago/Getty Images

A sunnier consumer confidence

The yield on the 10-year treasury popped up over the past 24 hours from close to 4.4% to nearly 4.6% — around the highest it’s been in a month or so. Usually, moves in the bond market are telling us something about the economy. What is that something? Let’s ask Julia Coronado, founder of MacroPolicy Perspectives and a professor at the University of Texas – Austin.

Child care costs are a big part of why Americans feel inflation still stings

Prices have climbed persistently, yet the service is persistently scarce. That, in turn, hurts kids and undermines the labor force.
Women are working slightly less since 2019, and the extra time is devoted mostly to child care or elder care, said Diane Swonk, chief economist at KPMG.
Sean Gallup/Getty Images

The team

Leanna Byrne Host, BBC
Kelly Silvera Executive Producer
Meredith Garretson Morbey Senior Producer
Erika Soderstrom Producer
Alex Schroeder Producer
Ariana Rosas Producer
Dylan Miettinen Digital Producer
Jesson Duller Media Producer
Nic Perez Director/Producer
James Graham Producer, BBC
Jo Critcher Producer, BBC
Naomi Rainey Producer, BBC
Lis Mahy Producer, BBC