Economy & Markets
The important economic and stock market news that advisors need to know.
The CBO's Devastating Economic Outlook for 2020
By Bernice NapachIt projects a 5.6% decline in GDP and double-digit jobless rates this year.
April 24, 2020
Fed Ends Limits on Withdrawals and Transfers From Savings AccountsThe new interim final rule gives depositors greater access to funds they may urgently need now.
April 24, 2020
7 Programs That Got $881B in Rescue Aid (So Far)From airlines to small businesses, here's where money in the CARES Act has been spent.
April 23, 2020
House Passes Small-Business Loan Funding BillSen. Ben Cardin said new PPP loans could be available "as early as tomorrow."
April 23, 2020
Why Gold Will Continue to Rally: AnalystsBofA analysts forecast $3,000 an ounce in 18 months, up from $1,750 currently.
April 23, 2020
Americans' Financial Satisfaction Takes Biggest Drop Since 2009And that's largely before the pandemic took hold on the economy, according to AICPA.
April 23, 2020
Motif's Shutdown Seen as 'Tip of the Iceberg'Consultant Doug Fritz expects 20% of fintech firms to be wiped off the map.
April 22, 2020
TD Ameritrade Posts Earnings, Sees Schwab Deal Closing in Late 2020The firm's latest earnings fell 8% from last year, but revenues grew 2%; net new assets were $45 billion.