Economy & Markets
The important economic and stock market news that advisors need to know.
Fidelity to Top 16,600 Hires This Year, Pay for Entry-Level Staff's Degrees
By Michael S. FischerThe new Fully Funded Undergraduate Degree Program will cover financial services related majors for customer service reps.
October 24, 2022
BofA Economist: 'I Don't See How We Avoid a Recession'BofA's Ethan Harris and Wells Fargo's Jay Bryson both predict there will likely be a recession in 2023.
October 24, 2022
Why One Advisor Went All-Cash in Early 2022It may be time to reconsider how much market risk is appropriate for older clients, Mike Piershale tells ThinkAdvisor.
October 24, 2022
El-Erian: Rally May Signal Investors Have Lowered Their Expectations"I think what's happening to our market ... is that we've redefined what a [Fed] pivot is," El-Erian said.
October 24, 2022
Most Americans Say They're Behind on Retirement Saving: SurveyNearly a quarter of Americans say they did not contribute to their accounts this year or last year.
October 24, 2022
6 New Retirement Numbers to Know for 2023The IRS has adjusted several thresholds related to 401(k)s, IRAs and tax credits.
October 24, 2022
16 Highest-Paid CEOs in Financial ServicesAverage CEO compensation surged to $23.2 million in 2021, with many in the financial industry earning significantly more.
October 24, 2022
The 13 Scariest Days in the U.S. Stock MarketThink markets are spooky now? This year's worst day for the S&P didn't even make the top 100.