Economy & Markets
The important economic and stock market news that advisors need to know.
What's in the House-Passed Tax and Spending Bill Backed by Biden
By Laura Davison, Ari Natter and Alexander RuoffChanges include levies on high earners, the SALT deduction, a cap on IRAs, IRS enforcement and the childcare tax credit.
November 18, 2021
Robinhood, Citadel Win Dismissal of Meme-Stock LawsuitRetail investors had accused the firms of colluding during January's meme-stock frenzy.
November 17, 2021
SEC Moves to Reverse Trump-Era Restrictions on Proxy Advisory FirmsThe plan would end requirements that proxy advisory firms share recommendations with executives and shareholders.
November 17, 2021
World's 16 Biggest Wealth Management Firms by Advisor Headcount: 2021Here are the wirehouses, BDs and other firms who report having the most advisors, according to Aite-Novarica Group.
November 17, 2021
10 Countries Where Average Worker Is Furthest From Top 1%Researchers studied how may years of an average salary it would take to match the wealth of their country's elite.
November 17, 2021
Marcia Mantell: Social Security, Medicare and What Advisors Need to KnowThe retirement expert discusses key statistics to watch and provides a glimpse into how she happily takes her work home.
November 17, 2021
Goldman's Solomon Says Market Greed Is Now Outpacing FearIf interest rates move up that "will take some of the exuberance out of certain markets," Goldman Sachs' CEO said.
November 16, 2021
Business Expense Tax Deductions: 12 Facts to KnowHere's what advisors should know about tax deductions for expenses like travel, meals, education and home offices.