Economy & Markets
The important economic and stock market news that advisors need to know.
'Roaring Kitty' Sued for Securities Fraud Over GameStop Rise
By Christian BerthelsenThe proposed class action against Keith Gill accuses him of misrepresenting himself as an amateur investor.
February 10, 2021
'Roaring Kitty' Ordered to Testify in MassachusettsEx-MassMutual rep Gill is supposed to testify Feb. 26 before the Securities Division in Boston.
February 09, 2021
These 12 States Will Be the Poorest by 2025: AnalysisA business communications firm looked at trends in home values, income and GDP.
February 09, 2021
SEC's Acting Chair Gives Senior Officers Subpoena PowerThe move, intended to speed investigations, could be connected to the GameStop squeeze.
February 08, 2021
Reddit GameStop Incident Could Spur Move to T+1Robinhood's CEO is pushing for a shorter trade settlement cycle, but it's not a quick change for the industry to make.
February 08, 2021
Goldman: 4 Reasons to Overweight U.S. Stocks, Downplay Inflation WorriesSharmin Mossavar-Rahmani, CIO of the wealth unit, explains why she doesn't buy into the consensus that investors should favor emerging markets.
February 05, 2021
11 'Super' Facts for Super Bowl LVNearly three-fourths of Americans won't host or attend a Super Bowl party, and Budweiser ads are taking a timeout after 37 years.
February 05, 2021
Lawsuit Alleges Broad Conspiracy on GameStop Trading RestrictionsInvestors are suing nearly three dozen defendants including Robinhood, Schwab, Apex Clearing and Citadel.