Economy & Markets
The important economic and stock market news that advisors need to know.
PPP Data Errors Abound, Raise Questions About Stimulus' Impact
By Mark Niquette, Matt Townsend | Hannah LevittOf some 4.9 million loans, the number of "jobs retained" is zero for more than 1 in 10.
July 13, 2020
The Top 5 Global Markets for Life InsuranceOn a per capita basis, the United States is not even close to the top of the new Swiss Re charts.
July 11, 2020
3 Investment Strategies to Ride Out the PandemicOne important question for advisors and their clients: "Is your portfolio allocation and your risk allocation aligned?"
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 09, 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.