Economy & Markets
The important economic and stock market news that advisors need to know.
T. Rowe Price to Buy Income-Planning Software Maker
By John ManganaroThe fund giant is acquiring Retiree Inc. to help it increase "the longevity of a retirement income strategy" for clients, it says.
March 30, 2023
Top 10 Third-Party Asset Managers of 2023: BroadridgeMany of these asset managers have improved their rankings despite troubled markets, a Broadridge report finds.
March 30, 2023
Average Wall Street Bonus Plunges 26%This meant the typical bonus paid to employees in New York's securities industry fell to $176,700, the lowest since 2019.
March 30, 2023
Schwab Shares Fall After Downgrade by Morgan StanleyIts shares are down about 33% in March, and its downgrade reflects the heightened risk analysts now see in financial firms.
March 29, 2023
First Republic's Rich, Vocal Clients Mull What to Do With Their MoneyIt's "the banking equivalent of Sophie's Choice," said a real estate investor, who's been a First Republic client since 2007.
March 29, 2023
Markets' 'Crazy' Rate-Cut Expectations Could Mean Trouble: State StreetThere's too much exuberance in some sectors, and "we have a lot more uncertainty coming," says strategist George Milling-Stanley.
March 29, 2023
Usually Bullish Siegel Voices Caution on StocksStocks will likely struggle as the risk of a recession rises, the economist said in a recent note.
March 29, 2023
Wall Street Has No Clue How to Price In the Banking UpheavalFor the third month in a row, predictions for the S&P 500's average year-end target remain at 4,050.