Economy & Markets
The important economic and stock market news that advisors need to know.
Envestnet, Investment Advisor Announce Asset Manager and Strategist of the Year Finalists
By Ginger SzalaMany of these asset managers demonstrate the extra skill it takes to exceed bull market returns.
May 12, 2020
Record Low Student Loan Rates Expected in the FallRates for undergraduate, graduate and PLUS loans are expected to drop 178 basis points.
May 12, 2020
Jeremy Siegel: Congress May Compromise on State COVID-19 AidIt is a "delicate question about funds to states and cities," Siegel said.
May 12, 2020
House Democrats Unveil $3 Trillion Aid Bill With Cash for StatesThe bill includes more cash payments and tax changes; Republicans signaled that they're in no rush.
May 12, 2020
Target Date Funds Hammered by Q1 Market Turbulence: MorningstarAssets in target date strategies fell by 17% from the fourth quarter.
May 12, 2020
IRS: 6 Reasons a Stimulus Check Could Be Less Than ExpectedIf your clients are disappointed with their Economic Impact Payment, they may fall into one of these categories.
May 12, 2020
Investors Are Dumping Stocks for Bonds as Fed Buying BeginsIt's the "follow the Fed" mantra in action.
May 11, 2020
BlackRock Says PNC Selling Stake, Plans $1B BuybackThe news ends speculation over how long the financial services group would keep its 22% stake in the asset manager.