Economy & Markets
The important economic and stock market news that advisors need to know.
Pershing Taps Former Goldman Sachs Exec as COO
By Janet LevauxEmily Schlosser replaces Jim Crowley as compliance chief a year after the former CCO was tapped to lead the BNY Mellon business.
July 20, 2020
SoFi Files for Its First Bond ETFTGIF is an actively traded ETF that will invest primarily in short-term corporate debt.
July 20, 2020
Inflation or Deflation: What's Next?The economy's direction will have a profound impact on how client portfolios perform in the months ahead.
July 17, 2020
Caution Is Fund Managers' Byword in July: BofA SurveyThe share of fund managers calling U.S. tech stocks the "most crowded trade" hit a record.
July 17, 2020
Betterment Criticizes DOL Decision on Private Equity in 401(k)sIts head of 401(k) products says such investments are too expensive and complicated for 401(k) plans.
July 17, 2020
U.S. Wealth Managers Holding Their Own in COVID Crisis: AiteThey are better prepared than their European and Asian counterparts for remote working, Aite says.
July 17, 2020
U.S. Must Fix 'Bipolar Economy': BlackRock's FinkThe news comes as the Wall Street firm reports a boost in inflows from Q1.
July 17, 2020
New PPP Loans Should Include Revenue Test, Mnuchin SaysTreasury and the SBA will also consider forgiveness of small loans under PPP.