Economy & Markets
The important economic and stock market news that advisors need to know.
15 Best Cities for Millennial Homebuyers: 2021
By Michael S. FischerClever ranked 100 cities on several metrics to find those that are both affordable and fun to live in.
October 06, 2021
Morgan Stanley's Mike Wilson Warns of Fresh Stock-Market Pain"We've been calling for this 10-20% correction that would be led by tech stocks," said the chief investment officer and U.S. equity strategist.
October 05, 2021
SEC Chief Says the U.S. Won't Ban CryptocurrenciesThe U.S. won't follow China's lead in banning digital tokens and remains focused on investor and consumer protection rules, says Gary Gensler.
October 05, 2021
Top 5 Financial Planning Trends for the Next 5 YearsThe Financial Planning Standards Board surveyed CFPs on what they think financial advice delivery will look like.
October 05, 2021
Plan Sponsors With De-risking Goals Want to Dump All Their Pension Liabilities: MetLifeA poll finds 93% of such respondents plan to completely divest those liabilities, up from 76% in 2019.
October 05, 2021
New IRS Guidance Offers Tax Windfall to Employers With Part-Time WorkersThe employee retention tax credit can provide a powerful tax break for small-business clients that rely heavily on part-time workers.
October 05, 2021
Merrill to Pay $1.5M FINRA Fine Over Muni ShortsThe firm failed to notify investors in munis that they were receiving "substitute" interest payments that weren't tax-exempt, FINRA says.
October 05, 2021
10 Fastest-Rising Costs for Older Americans Since 2000Social Security benefits may be adjusted for inflation, but the costs of many goods and services rise faster.