Economy & Markets
The important economic and stock market news that advisors need to know.
Unlike Rivals, Wells Fargo Is Starting Job Cuts: Report
By Janet LevauxThe bank plans to shrink its headcount via "attrition, the elimination of open roles and job displacements," a spokesperson told Bloomberg.
August 20, 2020
Millennial, Gen Z Risk Tolerance Soared Since Pandemic Started: E-TradeThe company takes a look at trading trends of younger investors during the COVID-19 crisis.
August 20, 2020
Interest Rate Assumption Changes Could Be the New MonsterSo far, COVID-19 mortality and pandemic-related defaults haven't been as scary as analysts had feared.
August 19, 2020
What's a Pro Sports Coach to Do in a Pandemic? Talk to an Advisor, of CourseHarman Wealth Management's managing director told ThinkAdvisor about working with MLB and NFL coaches — and another client whose needs went beyond financial planning.
August 19, 2020
Fund Managers Are Most Bullish Since February: BofAThe same day the finding was released, the S&P 500 closed at an all-time high.
August 18, 2020
Fractional Shares Are Helping to Drive Increased TradingShares of in-demand but high-priced stocks like Amazon are no longer out of reach, financial industry executives say.
August 17, 2020
Postal Service Crisis Could Lead to Next Stimulus Bill: Valliere"Several Democrats said this weekend that postal funding could be wrapped into a bigger package," Valliere said.
August 17, 2020
VanEck Model Portfolios Join Envestnet Platform: Portfolio ProductsAlso, Schwab reorganizes a high-yield municipal fund.