Economy & Markets
The important economic and stock market news that advisors need to know.
UBS Starts Cutting Up to 700 Jobs Across Wealth Unit, Investment Bank
By Marion Halftermeyer and Patrick WintersThe latest layoffs are on top of about 125 job cuts yet to come from an earlier restructuring.
May 18, 2021
3 Reasons Why Muni Bonds Are Still a Good BuyThe risk of higher income taxes on the wealthy seems to be supporting munis, along with some economic and technical factors.
May 18, 2021
Life Insurers Nudged Bond Allocation Lower in 2020But the dollar value of life insurers' bond holdings increased 5.8%, to $3.4 trillion.
May 18, 2021
BofA to Raise Minimum Wage to $25 an HourThe Charlotte, North Carolina-based lender will also require its U.S. vendors to pay employees dedicated to the bank $15 per hour or more.
May 18, 2021
Fidelity Rolls Out No-Fee Investing Accounts for TeensThe firm says it is the first in the industry to offer 13- to 17-year old teens the ability to save and trade with no investment minimums.
May 17, 2021
Swedroe Says 'Ignore All Forecasters,' Market NoiseThe strategist says advisors can also disregard market outlooks, which have "nothing to do with the client's financial and life goals."
May 14, 2021
Research Affiliates' Arnott Sees 'Bubbles Galore' in Stock MarketA stock is in bubble territory when its price is based on "implausibly optimistic assumptions," he says.
May 14, 2021
GMO's Inker: 2 Predictions for How the Stock Bubble Could EndEither way, "the familiar assets stink" and advisors should point clients elsewhere, Grantham's top asset allocator tells ThinkAdvisor.