Economy & Markets
The important economic and stock market news that advisors need to know.
Social Security Benefits Targeted for Cuts by House Conservatives
By Erik WassonThe proposal by the 176-member House Republican Study Committee would gradually increase the retirement age.
June 14, 2023
Why the Bull Market Rally Won't Last: BNY Mellon StrategistBNY Mellon Investment Management's Jake Jolly said a recession could cause the S&P 500 to test its October lows.
June 13, 2023
SEC to Weigh New AI Rules for BrokeragesA plan to rein in conflicts of interest associated with the use of artificial intelligence could be introduced as soon as October.
June 13, 2023
3 Midyear Portfolio Strategies for Waiting on a Recession"The range of potential market outcomes has never been wider," State Street's strategy team writes.
June 13, 2023
Stocks Climb on Bets Fed Is Ready to Take a BreakThe S&P 500 rose for a fourth consecutive day and was on pace for its longest winning run since early April.
June 13, 2023
Cities Where Inflation Is Plummeting NowSome areas saw prices rise around just 2% in the past 12 months, with big drop-offs in the cost of household energy and motor fuel.
June 13, 2023
Here's How Much It Takes to Be Wealthy vs. Feel Wealthy: SchwabNearly half of Americans say they feel wealthy, according to a new survey.
June 13, 2023
15 Largest U.S. Banks by AssetsAssets at the four biggest banks grew nearly $500 billion in three months, according to S&P Global.