Economy & Markets
The important economic and stock market news that advisors need to know.
How to Invest in Today's Low-Rates-for-Longer Bond Market
By Bernice NapachBond strategists weigh in at Morningstar's all-virtual annual conference.
September 15, 2020
Raymond James to Trim Some 500 JobsThe news comes one day after Citigroup said it would cut its global workforce by about 1%.
September 15, 2020
Best Financial Strategy Before Election Is to Wait and See: Wells Fargo AnalystsIt's too soon to say what will happen on Election Day, so the best plan is to decide what investors' money goals are and plan accordingly, the firm's analysts say.
September 15, 2020
Schwab Warns of Weaker Q3 Results Due to Low Interest RatesThe firm posted a 21% rise in assets from a year ago in August but warned that low rates would pressure its net revenue.
September 15, 2020
Social Security COLA Estimated at 1.3% for 2021The official cost of living adjustment is set to be announced by the Social Security Administration on Oct. 13.
September 14, 2020
Biden 'Silent' on Pandemic Aid: ValliereMeanwhile, Treasury Secretary Mnuchin says a "clean" bill to fund the government could be finalized this week.
September 14, 2020
UBS Exploring Merger With Credit SuisseA Swiss finance blog says leaders of the two banks could agree on a merger as early as next year.
September 11, 2020
Taxes Will Go Up No Matter Who Wins in November: Richard Bernstein"We do not have any choice anymore" but to raise taxes, he says.