Economy & Markets
The important economic and stock market news that advisors need to know.
Shelton Nomination to Fed Blocked in Senate
By Laura Litvan and Erik WassonTwo Republican senators sided with Democrats and three others were absent, two due to COVID-19.
November 17, 2020
DFA Files for 6 More ETFsThe actively managed ETFs will be conversions of existing DFA mutual funds.
November 16, 2020
Investors With Advisors More Confident in Investment StrategyConfident investors were more likely to have recently dined in a restaurant or made travel plans, a Franklin Templeton–Gallup study found.
November 16, 2020
Takeover Battle Emerges for Cathie Wood's Ark in Stellar YearHer flagship fund ARKK has attracted almost $5.8 billion this year and is currently up more than 98% in the span.
November 16, 2020
Fidelity Rolls Out Comprehensive Wealth Platform for AdvisorsThe Fidelity Managed Account Xchange (FMAX) is available to RIAs, family offices and BDs.
November 16, 2020
SEC Chairman Clayton to Step DownClayton advanced more than 65 final rules, including his signature Regulation Best Interest.
November 13, 2020
Yellen Under Consideration by Biden Team for Treasury SecretaryHis team is also eyeing Fed Governor Lael Brainard and former Fed Vice Chair Roger Ferguson for the job.
November 13, 2020
Fears Mount Over Long COVID Winter Without StimulusSeveral provisions of the CARES Act will expire at year-end without congressional action.