Economy & Markets
The important economic and stock market news that advisors need to know.
John Hancock: Where to Invest as Economy Shows Promising Signs
By Jeff BermanThe firm lays out some bright spots as it says leading indicators "appear to be bottoming."
July 10, 2020
SEC Move Could Cause 90% Drop in Investment Managers Reporting Quarterly HoldingsBy not considering how "the world has changed" since '75, the SEC is "plucking out blocks from a Jenga tower," said a securities law professor.
July 10, 2020
Boosting Social Security Payments Tops Biden's Economic PrioritiesSolving the public health crisis posed by the pandemic, Biden said, "is the surest way to get the economy back on track."
July 10, 2020
Wells Fargo to Donate $400M in PPP Loan FeesThe funds will target minority-owned businesses; through June 30, the bank has processed close to 180,000 loans.
July 10, 2020
The LIBOR Runway for Insurers Is ShrinkingHere are 5 moves insurers need to take now to get ready.
July 09, 2020
Goldman Sachs and Vanguard Launch New Bond ETFsThe Goldman product focuses on shorter term investment-grade bonds; Vanguard's on ESG criteria.
July 09, 2020
Wells Fargo Readying Thousands of Job Cuts to Start in 2020Tens of thousands of positions could ultimately be eliminated; the move may test vows by other banks to keep staff amid the pandemic.
July 09, 2020
Pandemic a Mere 'Hiccup' for RIA Dealmakers: TD AmeritradeM&A activity set a record in the first half of 2020 despite COVID-19, TD Ameritrade Institutional reported.