Economy & Markets
The important economic and stock market news that advisors need to know.
How Latest Relief Package Could Help U.S. Economy
By Bernice Napach"Short-term nature" of $900 billion relief plan "underscores need" for more stimulus from the new Congress, says David Kelly of JPMorgan.
December 20, 2020
Congress Strikes $900B Stimulus DealThe package includes a new round of jobless payments and $284 billion for small businesses via the Paycheck Protection Program.
December 18, 2020
Tesla Entering S&P 500 at Record HighCarmaker's stock closed at $695 Friday; its market-cap of some $660 billion makes it the largest company ever added to the stock benchmark.
December 18, 2020
5 States With the Biggest Q3 Drops in Personal IncomePersonal income fell in every state in the quarter ended Sept. 30, according to the Commerce Department.
December 18, 2020
11 Reasons Advisors Should Rethink BitcoinAs Bitcoin's price approaches 24,000, cryptocurrency is fast becoming a favored alternative investment among some well-known investors.
December 18, 2020
Group Lacks Authority to Deal With Loan Risks: GAOU.S. life insurers own about $129 billion of $611 billion now held in collateralized loan obligations.
December 17, 2020
What Happens When Tesla Joins the S&P 500?The stock closed at $695 Friday, boosting its CEO's fortune by $9 billion. It joins the index Monday and may raise the S&P's volatility.
December 17, 2020
2020: An Advisor-Focused Review of the Unforgettable YearThere's a lot for financial advisors and firms to be optimistic about for 2021, says Mercer Advisors CEO Dave Welling.