Economy & Markets
The important economic and stock market news that advisors need to know.
'As an Industry, We Can Do Better' for Clients, RIA Says
By Jane Wollman Rusoff"Wall Street uses tricks to fool customers," Merrill advisor turned RIA Christopher Manske says.
August 05, 2024
Wall Street Hit by Fears Economy Is in 'Danger Zone'Ed Yardeni said today's selloff is like the '87 crash, when the economy averted a downturn despite investors' concerns.
August 05, 2024
Schwab, Fidelity, TD, Vanguard Trading Sites Faced Outages as Stocks PlungedInvestors reacting to the market rout reported login problems this morning on several major brokerage sites.
August 05, 2024
Global Selloff Intensifies With Focus on Fed RescueNasdaq 100 Index futures are down over 4%, and earlier Japanese equities crashed by the most in over a decade.
August 04, 2024
Berkshire Cuts Apple Stake by Almost HalfThe conglomerate, led by Warren Buffett, sold $75.5 billion worth of stock on a net basis in the second quarter.
August 02, 2024
JPMorgan, Citi Predict Two Supersized Fed Cuts This YearFed policymakers met earlier this week and signaled a start to lower borrowing costs as soon as September.
August 02, 2024
S&P 500 Is Set for Worst Jobs Day in Two Years"The big question is are we sliding right into a recession?" said Ryan Detrick at Carson Group.
August 02, 2024
12 Worst States for Student Loan Debt: 2024College loans now total $1.6 trillion, with each of the nation's 42.8 million borrowers owing nearly $38,000 on average.