Economy & Markets
The important economic and stock market news that advisors need to know.
Orion CEO Set to Retire
By Janet LevauxEric Clarke, who founded the firm in late 1999, will continue to serve on its board.
May 22, 2023
Morgan Stanley's Wilson Says Rally Isn't Start of Bull MarketMeanwhile, Bank of America's Savita Subramanian had raised her 2023 target for the S&P 500 Index.
May 19, 2023
9 Weird Social Security Rules That Can Surprise Married CouplesHelping couples navigate the Social Security benefits claiming process is no mean feat.
May 19, 2023
S&P 500 Could Plunge 20% if U.S. Fails to Raise Debt Ceiling: UBSThe analysis by the bank's strategists was posted Friday morning, before bipartisan talks in Washington were put on a "pause."
May 19, 2023
McCarthy Pauses Debt-Limit Talks as Clock Ticks Down"We caution investors not to overestimate how quick or smooth the path to the finish line will be," said Evercore strategist Tobin Marcus.
May 19, 2023
Study Up! SEC Reg BI Bulletins Will Be Used in Exams, Compliance Pros SayThe bulletins are "essentially a roadmap" to what examiners will focus on, Commonwealth's Peggy Ho says.
May 18, 2023
Wall Street Fears $1T Aftershock From Debt DealA deal could lead to large sales of Treasury bills, hurt bank liquidity, push short-term rates higher and tighten the screws on a weak economy.
May 18, 2023
Fed Governor Shows He's Thinking About the Life InsurersOne of his concerns is about use of reinsurance.