Economy & Markets
The important economic and stock market news that advisors need to know.
Invesco, Franklin Among Firms That Added SVB Before Collapse
By Bei HuBlackRock was also among the top 10 buyers of the bank's shares since September, according to Bloomberg data.
March 14, 2023
Stocks Gains Trimmed on Market Jitters, Bonds FallFirst Republic Bank was up about 25% Tuesday, despite earning a Creditwatch negative rating from S&P Global.
March 14, 2023
Siegel, Sonnenfeld: Fed 'Shrapnel' Killed Silicon Valley BankTightening monetary policy further now "is a surefire recipe for disaster," the Wharton and Yale professors write.
March 14, 2023
So Your Clients Want to Invest in AI? Here's What to KnowArtificial intelligence is having a moment, and your clients will have questions about how to invest in the burgeoning industry.
March 14, 2023
Higher Rates Buoy Retirees and Pensions Alike, but for How Long?Today's rising interest rates present "wonderful opportunities" for retirement investors, pension expert Russell Kamp tells ThinkAdvisor.
March 14, 2023
Big U.S. Life Insurers Have $1.7B Invested in Banks in News: Wells Fargo AnalystsAnalysts are also talking about real estate prices and and debt refinancing.
March 14, 2023
First Republic, PacWest Lead Bank Bounce From SVB RoutFirst Republic jumped as much as 63% for its sharpest intraday gain ever. Meanwhile, Schwab rallied as much as 18%.
March 14, 2023
SVB Had No Chief Risk Officer for Months"It's like having an airplane without a pilot," said Charles Elson, a retired professor of corporate governance at the University of Delaware.