Economy & Markets
The important economic and stock market news that advisors need to know.
Bear Market to Last in 2023: Goldman Sachs
By Farah ElbahrawyThe view echoes that of Morgan Stanley's Michael Wilson, who said today that U.S. stocks will end 2023 almost unchanged from their current level.
November 18, 2022
Industry Groups Press Lawmakers to Pass Secure Act 2.0If Secure Act 2.0 fails to get attached to a budget bill, the sweeping retirement bill "will languish" next year, says ERISA attorney Brad Campbell.
November 18, 2022
Magic Johnson's Firm Powers New Long-Term Care EffortEquiTrust, an insurer Johnson controls, built Assured Allies elder wellness tech into a new annuity.
November 18, 2022
T. Rowe Price Lays Off 2% of Workforce in 'Extremely Challenging' Year"The challenges we have faced are likely to intensify," the firm said.
November 17, 2022
Life Insurers Should Get Used to an Inflationary World: Fitch EconomistBrian Coulton's scenario could be rotten for stocks but great for clients with fixed annuities.
November 17, 2022
Gen Z: Still Living at Home, Struggling With Financial StabilityNew research from DailyPay found that 54% of 18- to 25-year-olds are living with their parents.
November 17, 2022
U.S. Annuity Sales Could Reach All-Time High: CerulliThe rate environment, coupled with difficult market conditions, has led many advisors and their clients to consider annuities.
November 17, 2022
UBS Launches New Offering For UHNW Clients: Tech RoundupAlso, FP Alpha releases second-generation tax projection tool.