Economy & Markets
The important economic and stock market news that advisors need to know.
Pimco Clients Pull $29B as Rate Hikes Hit Bond Funds
By Stephan Kahl"Pimco is in the eye of the Fed hike storm and will likely be a much smaller company when all is said and done," said Bloomberg's Eric Balchunas.
August 04, 2022
BlackRock to Shutter Russia ETF That Once Held $800 MillionThe firm says it expects the full liquidation of the first major Russia-focused ETF in the U.S. to take "an extended period of time."
August 03, 2022
Lean Into Tough Client Conversations When Market's Down: Frontier Asset Management CEORobert Miller tells ThinkAdvisor how to calm clients, how to hedge inflation and his thoughts on 60/40 portfolios.
August 03, 2022
Bourbon, Mobile Home Parks and a Down Market Make a Good Mix at Freestone CapitalFounder Gary Furukawa discusses the drinking "renaissance," the opportunities in low-income housing and why he relishes bear markets.
August 03, 2022
Inflation Is Women's Biggest Financial Worry: SurveyEven among the highest earners, only 44% said they knew how to address inflation risk in their portfolios.
August 03, 2022
10 Good, Cheap Stocks to Buy in a Recession: MorningstarThese recession-resilient companies tend to be financially healthy and highly profitable, according to Morningstar analysts.
August 03, 2022
Robinhood Cuts 23% of StaffThe app-based brokerage dismissed 780 people and also announced the departure of a top executive Tuesday.
August 03, 2022
Battle Erupts Over Claim Manchin Bill Raises Middle-Class TaxesThose earning less than $200,000 could see their tax burden rise 1%, an official, GOP-requested analysis finds.