Economy & Markets
The important economic and stock market news that advisors need to know.
Why Morgan Stanley's $7B Eaton Vance Deal Surprised Analysts
By Bernice NapachDeal includes Parametric — which offers separately managed accounts and direct indexing — and ESG investment provider Calvert.
October 08, 2020
Morgan Stanley to Acquire Eaton Vance in $7B DealMorgan Stanley Chairman and CEO James Gorman calls the combination "a perfect fit."
October 07, 2020
Tibergien, Seivert: RIA Deal Market Favors Neither Buyers Nor SellersIt's a "mixed" M&A market, according to the former head of Pershing Advisor Solutions and the CEO of Echelon Partners.
October 06, 2020
Trump: No Stimulus Until After ElectionTrump tweeted that "immediately after I win, we will pass a major Stimulus Bill that focuses on hardworking Americans and Small Business."
October 06, 2020
Gary Shilling: Don't Expect the U.S. Housing Boom to Last"A number of forces may come together to end the frothy house party ... perhaps as soon as early 2021."
October 06, 2020
Goldman: Democratic Sweep Would Be a Plus for U.S. EconomyA Biden win and Democratic Senate raises the probability of more fiscal stimulus, Goldman's chief economist says.
October 06, 2020
Fed Chief: Slowing Recovery Needs More SupportJerome Powell told the NABE annual meeting the government should err on the side of doing more rather than less.
October 06, 2020
12 Best Cities for Financial Advisors to Start a CareerAdvisors in these cities make high average salaries and have lots of potential clients, according to SmartAsset.