Economy & Markets
The important economic and stock market news that advisors need to know.
PPP Loans Could Haunt Advisors
By Jeff BermanTwo executives said that, while they themselves wouldn't judge, taking a PPP loan could complicate future M&A deals.
May 27, 2020
Fed Catalogs Devastation Wrought by Pandemic on U.S. Economy"Most contacts were pessimistic about the potential pace of recovery," according to the Beige Book report.
May 27, 2020
S&P: Small Businesses Still Hurting Despite PPPWhile the second round of loans are reaching a wider range of businesses, issues remain, the firm found.
May 27, 2020
3 Senators' Stock Trades No Longer Under InvestigationThe development comes about two months after their family stock sales first made headlines during the pandemic.
May 27, 2020
How Emotions Are Affecting Financial Confidence During PandemicIn a New York Life survey, those who reported feeling angry were most likely to seek out a financial professional.
May 27, 2020
How Asset Managers Are Addressing the Threat of Negative YieldsIt may never happen, but that hasn't stopped firms from taking preemptive steps.
May 27, 2020
Jeremy Siegel: Which Stocks Will Fare Best After COVID-19? It Depends.An "all-time high" in the S&P is likely this year if there is no "second wave," he predicts.
May 27, 2020
Hats Off to a Top Industry Leader, Advice ColumnistA highly valued team member is retiring, Pershing's Mark Tibergien; here's why the industry will miss him.