Economy & Markets
The important economic and stock market news that advisors need to know.
3 States Make First Move Against Promos for AI Investments
By Olga KharifPromoters "are trying to capitalize on the hype of artificial intelligence," said a regulator. "It's an absolute trap" for investors.
April 03, 2023
Lots of Once-Trendy ETFs Are ClosingFrom meme-focused funds to crypto-themed products, closures of niche-themed ETFs are mounting, with a few exceptions.
April 03, 2023
The Tech Stock Rally Is Overdone: Morgan StanleyThe Nasdaq 100 has recently soared over 20% as investors flee economically sensitive sectors like banks.
March 31, 2023
Schwab Eyes Worst Month Since 1987Its banking unit is dealing with some of the same issues that plagued the now-defunct Silicon Valley Bank.
March 30, 2023
T. Rowe Price to Buy Income-Planning Software MakerThe fund giant is acquiring Retiree Inc. to help it increase "the longevity of a retirement income strategy" for clients, it says.
March 30, 2023
Affluent Asian Americans, Pacific Islanders See Passing on Wealth as Key Financial GoalIn choosing an advisor, 34% of wealthy AAPI respondents said a strong record of investment performance matters, says a Merrill study.
March 30, 2023
White House Proposes Tougher Bank Rules, New Tests After CrisisThe changes include reinstating rules for banks with assets of $100 billion to $250 billion, like SVB, such as liquidity requirements.
March 30, 2023
Top 10 Third-Party Asset Managers of 2023: BroadridgeMany of these asset managers have improved their rankings despite troubled markets, a Broadridge report finds.