Economy & Markets
The important economic and stock market news that advisors need to know.
Biden 2024 Kickoff Focuses on Economy, Wealthy
By Jordan Fabian and Jennifer Jacobs"It's time for millionaires and billionaires and big corporations to pay their fair share," he said Saturday to a crowd of union workers in Philadelphia.
June 16, 2023
BofA Strategist Sees Big Stock Rally, Then Big CollapseBank of America's Michael Hartnett said in a note Friday that he's not convinced this is the start of a "brand, new shiny bull market."
June 16, 2023
PIMCO Hit With $9M SEC FineIn one of two enforcement actions, PIMCO failed to waive $27 million of advisory fees as it had agreed.
June 15, 2023
BlackRock Files for Bitcoin ETFCoinbase would act as custodian and the fund, should it launch, would trade on Nasdaq.
June 15, 2023
Pershing's Harrison: Why Wealth Managers Still Have 'Big Tailwinds'Demand for financial advice still outstrips the industry's capacity to serve, but established firms can't be complacent.
June 15, 2023
Stock Rally Is Deepening Beyond AI-Fueled CrazeMarket breadth has improved, with multiple sectors showing stronger relative strength, says Janney Montgomery's Dan Wantrobski.
June 15, 2023
Gundlach: Stocks or Bonds? The Choice Right Now Is ClearFixed income investors can gain yields, enjoy upside potential and manage risk "very precisely," Gundlach said.
June 15, 2023
Social Security Benefits Targeted for Cuts by House ConservativesThe proposal by the 176-member House Republican Study Committee would gradually increase the retirement age.