Economy & Markets
The important economic and stock market news that advisors need to know.
Social Security, Retirement Savings Would Benefit From Closing Gender Pay Gap
By Emily ZulzClosing the gender pay gap would have a direct effect on womens Social Security benefits and ability to save for retirement, Social Security Works finds.
July 16, 2014
Schwab Profit Up 27%: Q2 EarningsSchwab reports more than $1 trillion in client assets managed by indie advisors.
July 16, 2014
BofA Q2 Earnings Tumble on $4 Billion Expense for LitigationBank of America spent $4 billion in the second quarter to cover litigation costs, including a mortgage settlement with American International Group.
July 16, 2014
U.S. Debt Path ‘Unsustainable’ Thanks to Social Security, Health Care: CBOThe Congressional Budget Office predicts rising debt and growing budget deficits in the next 25 years.
July 15, 2014
Why a Monkey Managing Your ETF Portfolio Could Boost ReturnsHow does an untrained monkey add value to a portfolio that trained professionals can't match?
July 15, 2014
Recession Not Nigh; Q1 GDP Drop a Fluke: MFSMFS strategist James Swanson says the current economic cycle is longer than average and explains why the first-quarter slowdown didn't worry him.
July 15, 2014
U.S. Stocks Fluctuate With Treasuries on Fed Comments; Oil DropsU.S. stocks fell as the Fed said valuations for smaller companies in social media and biotech appear substantially stretched.
July 15, 2014
ETFs to Surpass Hedge Fund Assets by 2015We predict annual growth rates of 15%-30% around the globe, EY reports, according to Ron DeLegge, who will speak at ThinkAdvisor's annual ETF virtual conference.