Economy & Markets
The important economic and stock market news that advisors need to know.
Debate: Should the Government Force Mega-RMDs on Massive Retirement Accounts?
By Robert Bloink | William H. ByrnesA proposal in Biden's budget targets those who have saved at least $10 million in tax-preferred funds.
April 12, 2024
Stocks Get Hit as War Jitters Fuel Rush to BondsThe S&P 500 was on pace for its worst day since January, Treasuries climbed, and the VIX spiked to levels last seen in October.
April 12, 2024
Wells Fargo Misses Interest Income EstimatesThe bank also reported $1.15 billion in net charge-offs, including $187 million tied to commercial real estate.
April 11, 2024
Fidelity Gives Teens 3 Theme-Based Investing BasketsThe thematic stock groups are clothes, shoes and beauty; gaming, social media and connectivity; and entertainment.
April 11, 2024
BlackRock May Escape Texas BlacklistA key state official want to see how the asset manager can be removed from its list of "energy boycotters."
April 11, 2024
12 Biggest U.S. Banks in 2023Several of them — JPMorgan Chase, Wells Fargo and Citigroup — will report their first quarter earnings on Friday.
April 11, 2024
Annuities Soar as Source of Life Insurer RevenueAt the same time, the share of the U.S. life companies' premiums tied to individual life insurance is shrinking.
April 10, 2024
Is Now a Good Time to Retire?How important is market timing to retirement success? In part, it depends on how well you plan.