Economy & Markets
The important economic and stock market news that advisors need to know.
New Stimulus Package Could Debut Next Week
By Melanie WaddellBut tough negotiations on the package loom between Democrats and Republicans, Greg Valliere says.
July 13, 2020
Prepare for a World Without Libor: NY Fed PresidentThe reference lending rate is set to disappear at the end of 2021.
July 13, 2020
'Mother of All Melt-Ups' Is Not Foreshadowing Another Meltdown: Ed YardeniThe longtime investment strategist to top RIAs tells ThinkAdvisor why he thinks the decade-long bull market "may still be intact."
July 13, 2020
7 Predictions for the Investment Industry: William BlairThe firm's research details the big changes afoot, from technology to investing strategies to retirement planning.
July 13, 2020
Q2 Could Be 'Earnings Hell, Again' for Banks: Analyst"We think [some] earnings will be down by a half year over year," bank analyst Mike Mayo said.
July 13, 2020
Wealthy Investors Anticipate Long-Lasting Lifestyle Changes After COVID-19: UBSThe vast majority of investors in a survey reported financial damage, but that's not the only lasting consequence they expect.
July 13, 2020
SBA Ends Economic Disaster Advance ProgramFunds for the EIDL Advance program, which made emergency payments of up to $10,000, have been exhausted, though loans are still available.
July 13, 2020
PPP Data Errors Abound, Raise Questions About Stimulus' ImpactOf some 4.9 million loans, the number of "jobs retained" is zero for more than 1 in 10.