Economy & Markets
The important economic and stock market news that advisors need to know.
Most Small Businesses Couldn't Survive a 6-Month Shutdown: Study
By Ginger SzalaAnd nearly 30% said they couldn't survive a month-long closure, according to an NBER study.
April 16, 2020
How Fed Intervention Has Saved, but Distorted, the Bond MarketStrategists weigh in on the challenges created for investors.
April 16, 2020
Most Endowments and Foundations Expect Severe Recession: SurveyThree in five plan to reduce costs and spending rates, NEPC reports.
April 16, 2020
SBA Halts PPP Loan Applications as Funds Run Dry"If you're hoping for a V-shaped recovery," the stalemate in Congress "is a major concern," Greg Valliere says.
April 15, 2020
Schwab Profits Fall 18% on COVID-19 Costs, Weaker Net InterestThe brokerage firm says it spent $37 million in its acquisition efforts, including USAA and TD Ameritrade.
April 15, 2020
Bob Doll's 10 (Mostly New) Predictions for 2020The Nuveen strategist has rethought the annual forecast he issued in January.
April 15, 2020
IRS' New 'Get My Payment' Tool Frustrates UsersThe new tool was designed to let Americans check on the status of their Economic Impact Payments.
April 15, 2020
Senate Democrats Call for $30 Billion to Boost COVID-19 TestingWidespread testing is crucial to reopening the economy, the senators say.