Economy & Markets
The important economic and stock market news that advisors need to know.
5 Top Market Predictions From Ark's Cathie Wood
By Jeff BermanDespite continued inflation concerns, the Ark CEO and CIO points to several "deflationary signals" in the market.
August 11, 2021
Social Security COLA Estimate for 2022 Raised to 6.2%The latest estimated cost-of-living adjustment reflects a 5.4% increase in the consumer price index for the past 12 months.
August 10, 2021
Vaccine, More Stimulus Should Spur U.S. Stocks: LPLThe delta variant could cause some drag on the economy, but the effects won't be like those of 2020, says Barry Gilbert.
August 10, 2021
Senate Passes $550B Infrastructure Plan in Win for BidenThe Senate, though, didn't get full consent for the approval of a bipartisan effort to replace a broad cryptocurrency tax reporting provision with a more narrowly targeted measure.
August 09, 2021
Biden Corporate Tax Hikes Would Hit Retirees, Small Businesses: StudyNew research by the Joint Committee on Taxation finds the hikes could disproportionately hurt U.S. workers, retirees and some 1.4 million small-business C corps.
August 09, 2021
4 Takeaways From Berkshire's Latest EarningsThe Warren Buffett-led conglomerate's investments bounced back in the second quarter, though not every business fully recovered.
August 09, 2021
SEC Bars Ex-Pimco CEO Hodge Over College Admissions ScamThe sanction comes more than a year after the executive was sentenced to nine months in prison for his actions.
August 09, 2021
Democrats Release Budget Enabling Biden's $3.5T Tax, Economic PlanThe blueprint let Democrats raise taxes on the wealthy; it also tells lawmakers to expand the state and local tax, or SALT, deduction.