Economy & Markets
The important economic and stock market news that advisors need to know.
These 12 States Will Be the Richest by 2025: Analysis
By Michael S. FischerA business communications firm looked at trends in home values, income and GDP.
February 03, 2021
Do Americans Need Another Stimulus Check? Bloink & Byrnes Go Thumb to ThumbTwo professors debate whether more direct aid to individuals and families would aid the economic recovery.
February 02, 2021
Here's a New COVID-19 Nightmare, for YouEconomists say the long-term effects of this pandemic on annuity sales could be bad.
February 02, 2021
Wells Fargo Cuts 320 Brokerage Jobs in Virginia: ReportNumber of staff in the Wealth and Investment Management unit was 29,515 as of Dec. 31, 2020 — down by 1,303 from the prior year.
February 02, 2021
Schwab's CEO Clarifies Its Response to Reddit-Inspired RallySchwab and TD Ameritrade did "restrict certain advanced options strategies," CEO Walt Bettinger said about the firms' actions last week.
February 02, 2021
Sen. Warren Probes Robinhood CEO on Trading RestrictionsWarren wants to know whether hedge funds or other firms like Citadel influenced Robinhood's decision to restrict trades.
February 02, 2021
Wells Fargo Drops CEO Pay to $20MThis puts Charlie Scharf's compensation behind that of Morgan Stanley's James Gorman but ahead of Goldman's David Solomon.
February 02, 2021
SEC Creates New Senior Role Focused on Climate Change, ESGSatyam Khanna, a former counsel to ex-Commissioner Robert Jackson, will be the agency's first senior policy advisor on climate and ESG.