Economy & Markets
The important economic and stock market news that advisors need to know.
Top Dems Introduce Bill to Extend $600 Weekly Jobless Benefits
By Melanie WaddellDems' bill comes same day as Treasury Secretary Mnuchin says PPP and unemployment benefits are "high on the list" of new stimulus bill.
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.
November 28, 2020
What's Firing Up Wall Street's $300B Custom-Index Boom?The real selling point for direct indexing could be the ability to remove companies from a portfolio's exposure rather than add them.
November 27, 2020
Trump Nominates a Top Bank Regulator as Biden Starts TransitionSenate Banking Committee Chair Mike Crapo has signaled Brian Brooks would get a confirmation hearing for a five-year term leading the Office of the Comptroller of the Currency.
November 25, 2020
BofA Jolts Group With Flat Bonus Pool in Omen for Wall StreetBank of America leaders weigh rewards against the pandemic's strains, triggering outrage among those expecting to be paid handsomely for a banner year.