Economy & Markets
The important economic and stock market news that advisors need to know.
Schwab, Vanguard, Other Platform Glitches Unrelated to Apple, Tesla Splits, Firms Say
By Ginger SzalaSeveral major trading platforms experienced outages and other problems on the day of the stock splits.
September 03, 2020
Stocks Tumble as Tech Sector Falls SharplyMohamed El-Erian warned recently that the tech-stock rally was a sign of excessive risk-taking.
September 02, 2020
COVID-19 Economy Forcing Workers Into Early RetirementA new report shows that involuntary retirement caused by the pandemic could have devastating effects.
September 02, 2020
CBO Cuts Forecast for Social Security Fund Life Span, Sees Debt Topping GDP in 2021The latest CBO projections reflect the carnage the pandemic is inflicting on the economy.
September 02, 2020
Wealthfront's New Autopilot Service More Competitive With Banks Than AdvisorsThe service automatically transfers clients' funds from savings and checking into investments.
August 31, 2020
Transamerica Cuts Fees on 26 Share Classes of Active Funds, Variable AnnuitiesThis is the second set of fee cuts for Transamerica funds this year.
August 31, 2020
Active Equity Fund Investors Beat Indexers in Q2: DalbarThey withdrew less and invested more on a net basis compared to their passive fund counterparts.
August 31, 2020
Glitches Plague TD Ameritrade, Schwab, Vanguard and Other Trading SitesThe outages, slowness and trading difficulties came as Apple and Tesla split shares; the brokerage firms said the issues were resolved later on Monday.