Economy & Markets
The important economic and stock market news that advisors need to know.
S&P 500 Wavers Near Record in Run-Up to Nvidia Earnings
By Rita NazarethThe index hovered near 5,315, as market watchers await the chipmaker's latest earnings report, set for tomorrow after the close.
May 20, 2024
Jamie Dimon Says Succession at JPMorgan Is 'Well on the Way'The JPMorgan CEO told shareholders the timetable is "not five years anymore," in response to a question about his tenure.
May 20, 2024
Bitcoin ETF Inflows Are Skyrocketing. Do Advisors Care?While skeptics remain, data suggests the number of advisors open to recommending crypto has risen.
May 20, 2024
One of the Last Big Bears on Wall Street Turns Bullish on StocksMorgan Stanley's Michael Wilson now sees the S&P 500 rising 2% by June 2025, a big shift from his earlier bearish view.
May 19, 2024
Wall Street Is Worried Over T+1's Quicker Settlement TimeA spike in failed trades, operational glitches and extra costs are among industry fears as the trading process accelerates on May 28.
May 17, 2024
El-Erian Says Fed's High Rates Are at Odds With Market"As they are doing the U-turn and stay higher for longer, the market is going the other way," the economist said.
May 16, 2024
7 Ways High Inflation Hurts Older Workers and RetireesSome of the harms are tied to misguided investor reactions, according to the Center for Retirement Research.
May 16, 2024
Most Americans Lack Confidence in Managing Inheritance Alone: SurveySixty-one percent of respondents said they would use a financial advisor if they received a large sum.