FINRA Expels New York Broker/Dealer for Churning

Published on June 17, 2026

Reid & Rudiger's co-founders were barred from the industry after clients paid $2 million in commissions and incurred $2.7 million in losses from high-volume trades.

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The Big Four Recession Indicators: Real Retail Sales

June 17, 2026
Nominal retail sales were up 0.88% month-over-month and up 6.88% year-over-year in May. However, after adjusting for inflation, real retail sales were up 0.41% month-over-month and up 2.60% year-over-year.

The Big Four Recession Indicators

June 17, 2026
Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. There is, however, a general belief that there are four big indicators that the committee weighs heavily in their cycle identification process.