Economy & Markets
The important economic and stock market news that advisors need to know.
Stock Prices 'Not as Absurd' as Some Think: Shiller
By Bernice NapachThe Nobel prize-winning economist explains why today's record stock market prices may make sense.
December 01, 2020
Top Dems Introduce Bill to Extend $600 Weekly Jobless BenefitsDems' bill comes same day as Treasury Secretary Mnuchin says PPP and unemployment benefits are "high on the list" of new stimulus bill.
December 01, 2020
Life Insurers' Commercial Mortgage Investments Did OK in Q3: TreppLife insurers' hotel and motel mortgage loans performed better than the average commercial real estate mortgage loan they held.
November 30, 2020
Group Calls for Limiting Power of BlackRock, Vanguard & State Street"Outsized footprint" of Big Three "poses new issues" for U.S. economic competitiveness and financial market stability, says American Economic Liberties Project.
November 30, 2020
Fidelity Plans to Merge 3 Funds, as Assets Hit $3.5TOne planned fund merger affects the flagship Magellan fund; meanwhile, the number of new RIA client accounts grew 164% from last year.
November 30, 2020
Biden Tapping Wall Streeters for Economic Team: ReportsThe president elect taps a former BlackRock advisor and might name a current executive for a key post, published reports say.
November 29, 2020
S&P Global to Buy IHS Markit for $39BThe deal, which would be one of the biggest this year, could bring together two of the largest market data providers.
November 29, 2020
5 Investment Ideas to Keep, 5 to Trash: Gary N. SmithThe author describes the research that proves several theories about stocks and that debunks a few other notions, including one tied to Trump's tweets.