Economy & Markets
The important economic and stock market news that advisors need to know.
Robinhood's Dark Side: Irate Traders, U.S. Probe
By Robert Schmidt and Ben BainOver the first half of 2020, consumer protection agencies received 400-plus complaints about Robinhood -- roughly four times more than rivals like Schwab and Fidelity.
August 27, 2020
Why the Fed Can't Talk the U.S. Economy Into InflationJerome Powell knows the Fed is at the end of its rope; interest rates are near zero and taking them negative is a nonstarter.
August 27, 2020
One Weird Type of Employer Grew in Q2: AnalystsThose strange companies are also predicting the strongest future revenue growth.
August 27, 2020
Vanguard Reopens, Reorganizes Money Market FundsThe news comes about four months after the fund giant closed its Treasury Money Market Fund to new investors.
August 26, 2020
World's Top 20 Biggest Asset Managers: 2020Here are the firms with the most assets under management, according to ADV Ratings.
August 24, 2020
Shake-Up Coming to Dow Jones Industrial AverageThree firms — including a major energy player — are out, as their replacements join the 30-component index.
August 24, 2020
Stocks Climb to All-Time Highs Amid Treatment HopeThe S&P 500 climbed 1% to 3,431.41, the highest level on record, which built on the largest increase in over a week.
August 24, 2020
Tax-Loss Harvesting During Market Turmoil: Who Did It, Who Didn'tBackend Benchmarking compared robo-advisors' harvesting of losses this year and found big differences among platforms.