Economy & Markets
The important economic and stock market news that advisors need to know.
Wells Fargo Readying Thousands of Job Cuts to Start in 2020
By Hannah LevittTens of thousands of positions could ultimately be eliminated; the move may test vows by other banks to keep staff amid the pandemic.
July 08, 2020
SEC Committee Meeting to Focus on Diversity in Asset ManagementThe Asset Management Advisory Committee meeting is set for July 16.
July 08, 2020
7 Steps to Give Portfolios a Midyear CheckupMorningstar's Christine Benz provides insights on how to give client retirement savings a review.
July 08, 2020
Vanguard, iShares ETFs Stand Out in June, While Schwab Sees More OutflowsMarket volatility remains "a boon for firms like State Street and ProShares," says Morningstar's Ben Johnson.
July 08, 2020
An Advisor's Dilemma: Millennial Investors Who Won't ListenRose Swanger of Advise Finance tells ThinkAdvisor tales of two couples: one who listened to her and did OK, and another that didn't and paid the price.
July 08, 2020
Shilling Forecasts a 30%-40% Drop in U.S. StocksSeveral catalysts could reverse the recent gains in stocks, he says.
July 07, 2020
Schwab Clients Can Now Say 'Hey Google' for Account InfoThe news comes some 10 months after TD Ameritrade and E-Trade announced their own Google integration efforts.
July 07, 2020
Why Haven't Rising COVID Counts Crushed Stocks? 3 Possible ExplanationsSome Wall Street strategists say there are logical reasons for the disconnect.