Economy & Markets
The important economic and stock market news that advisors need to know.
Beware of Index Funds' Dominance: Author
By Jane Wollman RusoffRobin Wigglesworth says BlackRock, Vanguard and State Street could someday control most voting shares of the world's largest firms.
November 04, 2021
Tax Hikes in House Version of Biden Plan Come to Nearly $1.48T, Panel SaysIncreasing the cap on state and local tax deductions to $72,500 from $10,00 would raise about $2 billion over a decade.
November 03, 2021
Fed to Start Tapering Asset Buys by $15B Later This MonthThe pace of the taper clears the way for a possible interest-rate increase in the second half of 2022.
November 03, 2021
15 Best Cities for Veterans to Live: 2021Some 19 million military veterans live in the U.S., and many face hurdles when they reenter civilian life, WalletHub notes.
November 02, 2021
Goldman Sachs: Fed's First Rate Hike Expected in July 2022Its economists' latest forecast moves up their expectation for a rate increase by a full year due to rising inflation.
November 02, 2021
Elon Musk Is Now 3 Times Richer Than Warren BuffettThe Tesla founder's net worth grew by $24 billion to $335 billion Monday as the electric carmaker's shares rose 8.5%.
November 01, 2021
10 Worst-Case Scenarios for the Global Economy in 2022These scenarios could derail the post-pandemic recovery worldwide, the Economist Intelligence Unit says.
November 01, 2021
Manchin Slams Brakes on Biden Plan, Chides ProgressivesBut another Democratic senator says Manchin's remarks don't substantially change the timeline for the $1.75T bill.