Economy & Markets
The important economic and stock market news that advisors need to know.
Dick Bove Sees Oil Shock Dealing 'Body Blow' to Ailing Banks
By Felice MaranzThe big banks have deep ties to the energy sector, Bove says.
March 05, 2020
Stocks Tumble, Bonds Surge on Virus Fears"Once things get to this point, it normally takes a few weeks for things to settle down," said Michael Shaoul, CEO of Marketfield Asset Management.
March 05, 2020
Women Making Headway, Slowly, on Company BoardsState Street Global Advisors provides an update on how many companies globally have added female directors.
March 04, 2020
Stocks Soar, Leave Correction Territory for NowMajor U.S. indexes surged more than 4% after days of declines.
March 04, 2020
'Year of the Election' Has Become 'Year of the Virus': J.P. Morgan's Kelly"The whole point is that there isn't an easy playbook," the global strategist said.
March 04, 2020
Self-Directed Investors Finished 2019 on a High Note: SchwabThe average Personal Choice Retirement Account size rose 19% in 2019, Schwab reports.
March 03, 2020
Vanguard Announces Dramatic Changes to Managed Payout FundThe fund, which failed to gain much in assets, is replacing monthly payouts with an annual distribution.
March 03, 2020
Fed's Surprise Rate Cut Fails to Calm MarketsThe surprise rate cut comes before the central bank's next scheduled policy meeting.