Economy & Markets
The important economic and stock market news that advisors need to know.
What to Do When Social Security COLAs Can't Keep Up With Reality
By Marcia MantellBlaming Social Security's COLA for not delivering a higher income each year is not a winning position.
May 31, 2023
Wharton's Jeremy Siegel Sees Downside Market RisksEconomic strength is driving market performance despite higher interest rates, Siegel wrote.
May 31, 2023
Ritholtz CEO Brown Sells 25% of Nvidia Stake, Taking ProfitsBrown decided to "take something off the table because man, this is one for the ages," he said.
May 31, 2023
S&P 500 Nearly Wipes Out Its Monthly Advance"Those planning for a relief rally following the passage of the debt ceiling increase may be disappointed," said Nationwide's Mark Hackett.
May 30, 2023
Financial Stress Hits These Households Hardest: StudyFinancial stress leads to a scarcity of cognitive resources that pushes people into a counterproductive state of tunneling.
May 30, 2023
12 Things to Know About Gen Z InvestorsInvestors 18 to 25 are "reshaping investment practices, products and platforms," says Paul Andrews of the CFA Institute.
May 30, 2023
Goldman Planning Another Round of Job CutsThe move comes a few months after the bank had one of its biggest rounds of job cuts ever: 3,200 positions were trimmed in January.
May 30, 2023
What Cuts Are in the Biden-McCarthy Debt Limit Deal?Here's what could happen to programs like Social Security and Medicare, IRS enforcement and payments on student loans.