Economy & Markets
The important economic and stock market news that advisors need to know.
Putnam Fixed Income Chief to Retire
By Jeff BermanMichael Salm has been named co-chief investment officer and will succeed Bill Kohli in mid-2021.
September 08, 2020
Bank of America Wants More Diversity on Its Investment PlatformThe bank is enhancing initiatives to encourage racial and gender diversity in asset managers and their investments.
September 08, 2020
JPMorgan Probes Employees' Role in Misuse of Relief FundsThe bank issued about 280,000 loans totaling more than $29 billion, according to SBA data.
September 08, 2020
Buffett Slashes Stake in Wells FargoThe bank's stock is down more than 50% year to date.
September 08, 2020
GOP Unveils 'Targeted' New Stimulus PlanDemocratic leaders blasted the pared-down bill as "emaciated" and "laden with poison pills" they would never support.
September 04, 2020
The 14 Hardest-Working States in AmericaIn honor of Labor Day, WalletHub looked at metrics like hours worked, employment rates and time spent volunteering.
September 04, 2020
Schwab, Vanguard, Other Platform Glitches Unrelated to Apple, Tesla Splits, Firms SaySeveral major trading platforms experienced outages and other problems on the day of the stock splits.
September 03, 2020
6 Economic Predictions for the Next 5 Years: Northern Trust, 2021The economy will likely bounce back this year, but 2021 and beyond is more uncertain, CIO Bob Browne tells ThinkAdvisor.