Economy & Markets
The important economic and stock market news that advisors need to know.
Yellen Says U.S. Ready to Take More Deposit Actions If Needed
By Christopher CondonBank stocks fluctuated after her prepared remarks were released. The KBW Bank Index traded down about 1.7% Thursday.
March 23, 2023
Schwab Could Survive Fleeing Depositors: CEOEven if all depositors fled, Schwab would have adequate liquidity, CEO Walt Bettinger told The Wall Street Journal.
March 23, 2023
CalPERS Agrees to $820M Long-Term Care Insurance Rate Suit SettlementPolicyholders have been fighting CalPERS in court since 2013.
March 23, 2023
Wall Street Eases Hiring Freeze in Grab for Credit Suisse TalentHeadhunting firms working with banks like Goldman Sachs have started to fly representatives into Zurich to speak with candidates.
March 22, 2023
Easing Client Anxiety From the 'Econotalk' MaelstromYour clients might ignore basic investing principles because of fear. Here's how to help them counter it.
March 22, 2023
Powell Stresses Commitment to Cooling Prices as Fed Hikes RatesThe FOMC voted unanimously to increase its target for the federal funds rate to its highest level since 2007.
March 22, 2023
15 U.S. Cities Where a $100K Salary Goes FurthestHere are the cities where a six-figure salary has the most purchasing power, according to SmartAsset.
March 22, 2023
12 States With the Lowest Taxes in America: 2023Which state has the lowest taxes? The answer is not straightforward, according to WalletHub.