Economy & Markets
The important economic and stock market news that advisors need to know.
Falling Rates Aren't as Bad as Feared for Wells Fargo, JPMorgan
By Katherine Doherty, Jenny Surane | Hannah LevittThe banks' shares rose after they reported quarterly earnings that included upbeat results in investment banking and capital markets.
October 10, 2024
Social Security's 2025 COLA Helps, but Seniors Still Face Cost-of-Living CrisisOne analyst observes that the 2.5% monthly benefit increase, while welcome, won't even cover a week of groceries.
October 10, 2024
Social Security COLA for 2025 Set at 2.5%The annual COLA is based on inflation data for the third quarter, through September.
October 09, 2024
Boston Residents Face 28% Tax Hike as Office Values SlumpThe move would happen if the state legislature fails to sign off on a proposal to temporarily raise commercial rates before Nov. 30.
October 09, 2024
'Dr. Doom' Warns of Stagflation Shock if Trump WinsTrump's proposals threaten to slow down the economy and spur inflation, Nouriel Roubini says.
October 09, 2024
Wall Street Salaries Fall Further From Pandemic HeightsThe 5.2% drop on the prior year was largely due to smaller bonuses, which were $176,500 on average.
October 09, 2024
20 Worst-Paying College Majors: 2024There's more to picking a career than money, but it's important for students to choose with open eyes.
October 08, 2024
Jeremy Siegel Says S&P Could Hit 6,000 in 2024But returns will likely be more subdued in 2025, the economist says.