Economy & Markets
The important economic and stock market news that advisors need to know.
Lawsuit Alleges Broad Conspiracy on GameStop Trading Restrictions
By Melanie WaddellInvestors are suing nearly three dozen defendants including Robinhood, Schwab, Apex Clearing and Citadel.
February 04, 2021
LifeYield, Allianz Life Team Up on Retirement Solution for Advisors: Tech RoundupAlso, Broadridge introduces ESG Advisory Services.
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.