Economy & Markets
The important economic and stock market news that advisors need to know.
A Goldman Executive Has Advice for His White Colleagues
By Frederick BabaExpressions of solidarity are appreciated. Here's what I would appreciate more.
June 04, 2020
Coronavirus Crisis Is Putting Client Relationships to the Test: McKinseyAdvisors who devote more time to clients are likelier to retain them through the downturn, the consultancy says.
June 03, 2020
Senate Approves PPP Loan ChangesAmong several changes in the bill is an extension of the payment period to qualify for loan forgiveness.
June 03, 2020
Swedroe, Kotlikoff Warn Advisors to Prepare for Higher Taxes After PandemicAdvisors should consider Roth IRA conversions and irrevocable trusts as governments pile on debt, they said.
June 03, 2020
RIAs Have Lingering Questions on PPP LoansLive Oak Bank's Mike McGinley suggests advisors applying for PPP loans consult CPAs and lawyers.
June 03, 2020
12 Sectors With Most Job Losses in May: BofA ForecastThe bank makes some predictions before the May jobs report, and the picture isn't pretty.
June 03, 2020
Citi CFO, One of Few Black Financial Execs, Weighs In on Floyd's DeathMark Mason, like others in the financial services industry, debated before speaking up.
June 02, 2020
Here's How State, Local Funding Shortfalls Could Affect GDPFailing to provide more federal aid could have an immense cost, economists from both parties say.