Economy & Markets
The important economic and stock market news that advisors need to know.
AIG Delays Annuity Unit Spinoff
By Allison BellCEO Peter Zaffino said that the market has been simply too volatile for AIG to launch the IPO.
August 08, 2022
Where 11 Advisors Are Telling Clients to Park Their Cash: Advisors' AdviceNow's a good time to discuss if clients can get higher returns in short-term investments and bank products.
August 08, 2022
Google Trends Is Now an Arbiter of Economic DownturnsTalk of recession not only tells you what's happening on the ground but also raises a recession's probability by scaring businesses and consumers.
August 08, 2022
Warren Buffett Buys the DipBerkshire Hathaway was a net buyer of equities in the quarter, reporting $3.8 billion in purchases.
August 07, 2022
Winners and Losers in Democrats' Signature Tax and Energy BillHere's a look at which groups and politicians come out on top and who takes a hit from the landmark bill, which now moves to the House.
August 05, 2022
Meet 5 Doomsayers Who Say the Economy Will Keep ShrinkingThe pessimists were right last time; here's why the gloomiest forecasters in Bloomberg's survey expect the U.S. economy to keep shrinking.
August 05, 2022
Pimco Clients Pull $29B as Rate Hikes Hit Bond Funds"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
Debate: Will the Inflation Reduction Act Cure What Ails Us?The bill is a scaled-down version of the initial economic package. But is it too scaled down?