Economy & Markets
The important economic and stock market news that advisors need to know.
Gundlach Says Unannounced IRS Visit Was a Clerical Error
By Michael Sin | Ben StevermanThe mistaken visit to DoubleLine's Florida office "does not induce confidence in the system," the firm's CEO said.
April 26, 2023
House Passes Debt-Limit Bill That Trims Social Security Administration BudgetThe bill, unlikely to pass in the Senate, would "responsibly raise the debt limit," said Rep. Patrick McHenry.
April 26, 2023
15 Cities Where Retirees Are Most Reliant on Social SecuritySocial Security benefits comprise 41.7% of a retiree's total income on average. In these cities, it's even higher.
April 26, 2023
14 Best Value Public Colleges: Princeton Review, 2023These are the colleges with the highest return-on-investment ratings based on academics, salaries and other factors.
April 25, 2023
Why Liz Ann Sonders Shuns Stock Market ForecastsSetting year-end S&P targets is the "dumbest exercise" on Wall Street, the Schwab strategist tells ThinkAdvisor.
April 25, 2023
First Republic's Deposits Plunge, Stock DropsShares sank by as much as 48% Tuesday after its earnings report further dented confidence in the San Francisco-based firm.
April 25, 2023
Life Insurers' Commercial Mortgages Struggled in 2022The firm says overall performance was the worst since at least 1996.
April 24, 2023
Why El-Erian Would 'Wait and See' on StocksWhile the stock market is "comforting," the bond market is sending "conflicting signals," he said.