Economy & Markets
The important economic and stock market news that advisors need to know.
Millionaire Tax Approved by Illinois Voters
By Kiel PorterWhile the proposal has no legal effect, the vote opens the door to a new debate over ramping up taxes on the rich.
November 06, 2024
S&P 500, Bitcoin Hit Peak as Trump to Retake White HouseThe market is more focused on the positive aspects of Trump's agenda with less concern on tariff impacts and wider policy outcomes.
November 06, 2024
El-Erian: Election Means 'New Power Structure' in U.S."The markets are reacting in an incredibly rational fashion," Allianz's chief economic advisor says.
November 06, 2024
How 8 State Tax Ballot Questions Did in the PollsVoters made decisions on property, sales income and capital gains taxes.
November 06, 2024
Trump Win Boosts Insurers, Ratchets Up Expectations for DealsThe new administration is likely to pull back on Biden-era measures affecting health insurers, drug prices and public-health leadership.
November 06, 2024
12 Most Livable Midsize U.S. Cities: 2024AARP looked at areas with a population of between 25,000 and 99,999 individuals, including some near the water.
November 06, 2024
Trump Has Proposed Nearly $8 Trillion in Tax Cuts. What Happens Now?Trump will now have to offer details of all the cuts he floated in recent months, says Greg Valliere.
November 06, 2024
Ahead of Key Tax Fight, Republicans Win Senate ControlRepublicans have said they intend to extend Trump's 2017 tax breaks and roll back regulations on energy production.