Economy & Markets
The important economic and stock market news that advisors need to know.
MOVEit Data Breach Hits 30 Colleges via TIAA, Other Vendors
By Jesse LevineThe Teachers Insurance and Annuity Association of America's vendor, PBI Research, used the software and experienced a "cybersecurity incident."
July 19, 2023
6 Reasons Stocks Could Soar 25% in 2023: Carson GroupThe firm increased its S&P 500 total return forecast from earlier this year, saying positive surprises had played out.
July 19, 2023
Wall Street Layoffs Hit 21,000Bank of America, for instance, has shrunk its headcount by about 5,000 since January and isn't replacing staff who leave.
July 19, 2023
Severe Weather Could Hit Markets This Year: Schwab's KleintopFood, freight and energy prices are vulnerable to the effects of extreme heat, wildfires and El Niño, the strategist says.
July 18, 2023
Gundlach Tangles With Ex-Partners Over Value of DoubleLine StakesThe drawn-out litigation is one of several recent spats among mega alternative asset managers.
July 17, 2023
Larry Swedroe: This Big Investing Mistake Could Tank Your Clients' RetirementA 60/40 portfolio could shortchange investors over the next 30 years, the Buckingham Strategic Wealth strategist tells ThinkAdvisor.
July 17, 2023
El-Erian: Don't Fight the Soft Landing IdeaThe Allianz chief economic adviser doesn't see a near-term recession.
July 14, 2023
10 States Where The Top 1% Earn the MostNationwide, it takes $652,657 to be considered among the top 1%. In these states, it's even more.