Economy & Markets
The important economic and stock market news that advisors need to know.
Fitch: Ultralow Interest Rates Will Outlast Pandemic
By Emily HolbrookThat's a negative for financial institutions, the ratings agency says.
December 09, 2020
Fidelity Digital Assets Enables Bitcoin as CollateralIt will provide custody services for Bitcoin pledged on loans financed by BlockFi.
December 08, 2020
BlackRock: Welcome to the 'New Investment Order'It reflects structural changes accelerated by the pandemic, new monetary frameworks and a focus on sustainability.
December 08, 2020
Betterment CEO and Founder Jon Stein ResignsHis successor, who comes from a media background, is "an interesting choice," David Goldstone of Backend Benchmarking says.
December 07, 2020
9 Reasons Gary Shilling Is Bearish on U.S. Stocks, EconomyShilling says the "euphoria" about coronavirus vaccines is overdone and stocks are "priced for perfection."
December 07, 2020
Outages at Interactive Brokers, Robinhood Annoy InvestorsProblems at Interactive Brokers follow Friday's news that it's buying Folio's DIY investor unit from Goldman Sachs.
December 07, 2020
Goldman Plans to Move Asset Managers From New York to This StateThe deliberations at the Wall Street icon, often a trendsetter for the industry, are aimed at cutting costs.
December 07, 2020
VanEck Adds 2 Corporate Bond ETFs: Portfolio ProductsAlso, Hennessy Funds completed rebalancing of its Mid Cap 30 concentrated portfolio.