Economy & Markets
The important economic and stock market news that advisors need to know.
Senate GOP Floats $1,000 Checks, Blocks Vote on Democratic Aid Bill
By Melanie WaddellThe bill provides the same size payments to adults and children.
July 29, 2020
Fed Extends Lending Facilities Through Year-EndMany of them were due to expire at the end of September.
July 28, 2020
Pension Offers vs. Lump Sum DistributionsA question about what to do about severance may be the start of a much longer conversation.
July 28, 2020
GOP Aid Plan Includes Bill to Fast-Track Social Security, Medicare ChangesThe bill is one of several that make up the HEALS Act, a package House Speaker Nancy Pelosi says "isn't serious."
July 28, 2020
The Fiduciary Rule Was Great for Variable Annuity Buyers: EconomistsJust in case you thought the sales standards fight was cool enough that you could roast corn on the embers...
July 28, 2020
Corporate Bond Funds Are Weak Where They Look Weak: ResearchersThree economists say COVID-19-related bond fund outflows correlated well with obvious signs of fragility.
July 28, 2020
Why Big Endowments and Foundations Beat Small Ones in Q1BNY Mellon found that while smaller endowments and foundations did better in 2019, performance lagged in 2020. Here's why.
July 28, 2020
Wells Fargo Plans to Offer Its First ETFThe bank has filed with the SEC for an ETF trust and an Ultra Short Duration Income ETF.