Economy & Markets
The important economic and stock market news that advisors need to know.
Senate to Vote on Stimulus, PPP Funds This Week
By Melanie WaddellHouse Speaker Pelosi had set a Tuesday deadline for reaching a stimulus deal before the election.
October 16, 2020
How Much to Save for Retirement Is Workers' Top Financial Concern: SurveyThree in five Americans are falling behind on their savings goals, a TIAA poll finds.
October 16, 2020
Quarterly RIA Deals Hit Record in Q3: DeVoeBNY Mellon | Pershing has also seen M&A come back after a cautious Q2, its head of Advisor Solutions says.
October 16, 2020
Vanguard's Head of U.S. Trading Is Retiring at Year-EndMichael Buek, who has been with Vanguard for 33 years, is also a principal of its U.S. Equity Index Group.
October 15, 2020
As Money Market Funds Close, Regulators Weigh Tougher RulesThe development follows Fidelity and Vanguard's recent shutterings of prime money market funds.
October 15, 2020
15 Cheapest Cities for Millennial HomebuyersA real estate search portal took a look at housing affordability versus the median salaries of 25- to 40-year-olds.
October 15, 2020
Biden's Tax and Spending Plans: Running the NumbersThe Tax Policy Center updates its estimate of the financial effects of policies like raising the estate tax and expanding child tax credits.
October 15, 2020
Ex-LPL President Helps Launch Tech-Driven Asset Management FirmAlphaTrAI is a venture-backed startup that says it's out to transform wealth management using AI and machine learning.