Economy & Markets
The important economic and stock market news that advisors need to know.
Fed Warns of Major Hit to Asset Prices If Crisis Grows
By Jesse Hamilton | Rich MillerIt cites commercial real estate as being particularly susceptible to falling valuations were the pandemic to deepen.
May 15, 2020
COVID-19's Economic Fallout Hits Millennials Hard: SurveyThey will need to make some difficult financial decisions in the next few months if the crisis continues, a survey found.
May 15, 2020
SEC Fines Morningstar $3.5M for Conflict of Interest ViolationsThe firm says it has "enhanced and will further strengthen policies, procedures, and internal controls."
May 15, 2020
Edward Jones: How We're Adapting to the COVID-19 'New Normal'Here are the steps our firm has taken to serve clients through the pandemic while reinforcing our core values.
May 14, 2020
Biggest Asset Managers Want a New Labeling System for ETFsBlackRock, State Street and others want leading exchanges to enact their proposal.
May 14, 2020
AICPA Creates PPP Loan Forgiveness CalculatorThe goal is to resolve remaining issues that created a "major stumbling block" to the program's implementation, it says.
May 14, 2020
How the Hedge Fund Industry Has Changed Since the 2008 Financial CrisisHedge funds are in a much better position now, Agecroft Partners CEO Donald Steinbrugge says.
May 14, 2020
Small Businesses Prepping for a Year of Disruptions Due to PandemicA global payment network polled small and midsize businesses on how they were handling the coronavirus.