Economy & Markets
The important economic and stock market news that advisors need to know.
Higher Rates Mean 'Bonds Are Back:' JPMorgan's Bob Michele
By John Gittelsohn"Every wealth-management platform in JPMorgan, every institutional client -- they're coming to us, they're putting money in bonds," said the CIO.
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.
November 17, 2022
8 New Stats on How Retirement Savers Have Fared in Rocky MarketsAverage IRA balances are down nearly 25% from a year ago, Fidelity found.
November 17, 2022
Fed to Face Rising Tensions in Next Congress on Inflation and JobsThe Federal Reserve will be an easy target for lawmakers if a downturn results from its tightening campaign.