Economy & Markets
The important economic and stock market news that advisors need to know.
Harry Dent: Market Crash Has Begun; 'Fireworks' to Blow by June
By Jane Wollman RusoffLosses will be so steep that "financial advisors are going to need bodyguards," the "Contrarian's Contrarian" predicts.
March 11, 2022
FINRA's Top 5 Fine Categories in 2021Fines in 2021 saw a "dramatic bump," driven by a record-setting fine.
March 10, 2022
Pimco Amassed Billions of Exposure to Russia Debt Facing DefaultIt had at least $1.5 billion of sovereign debt as of year-end and placed about $1 billion of bets on Russia via the credit-default swap market.
March 10, 2022
U.S. Household Net Worth Jumps to a Record on Equities, HousingThe figure grew by $5.3 trillion, or 3.7%, in the fourth quarter, pushing total U.S. net worth to more than $150 trillion.
March 10, 2022
Goldman Sachs to Exit Russia in Wall Street's First PulloutMeanwhile, Citigroup Inc. said Wednesday that it is assessing operations in the country.
March 10, 2022
10 Ways to Talk to Clients in Volatile MarketsYour client doesn't want platitudes. They want practical advice. What can you tell them?
March 10, 2022
10 Tips for Dressing to Impress Wealthy ProspectsWhen mingling with high-net-worth individuals, you want to look the part.
March 09, 2022
TIAA Adds $2.3B to 2022 Fixed Annuity Interest PaymentsThe company says the rates for TIAA Traditional holders will rise an average of 21%.