Economy & Markets
The important economic and stock market news that advisors need to know.
Small-Business Loan Funds Could Run Out by Thursday
By Josh Wingrove, Laura Litvan and Billy HouseNegotiations in Congress to replenish the money remain stalled.
April 14, 2020
Wells Fargo Q1 Profits Drop 90%The number of advisors fell by 378 from last year; meanwhile, JPMorgan's net income declined nearly 70%.
April 14, 2020
Fund Managers at Highest Cash Levels Since 9/11: BofA SurveyMost fund managers expect a U- or W-shaped recovery, Bank of America Global Research reports.
April 14, 2020
UBS Is Helping Small-Business Wealth Clients Get PPP LoansThe PPP loans will be made though the Newtek Business Services Corp. and UBS Bank.
April 13, 2020
Fidelity Plans to Hire 2,000 PeopleThe firm is experiencing growing demand for services from existing clients during the COVID-19 pandemic.
April 13, 2020
RIA M&A: Strong in Q1, but COVID-19 Set to Take a TollDeVoe & Co., Echelon and Fidelity share their predictions of what lies ahead for advisor deal-making in 2020.
April 13, 2020
18 Months of Rolling Shutdowns Likely: Fed's Kashkari"This could be a long, hard road," he said. "We should prepare for the worst-case scenario."
April 13, 2020
Tax Impact of Stimulus' RMD Waiver, Early Withdrawals: Bloink & ByrnesSign up now for ThinkAdvisor's free tax webinar on Thursday, April 16, from 2-2:30 p.m. EDT.