Economy & Markets
The important economic and stock market news that advisors need to know.
Trump Signs Bill for Sick Leave, Free Testing
By Melanie WaddellThe next step, getting money to Americans, has sparked disagreement.
March 17, 2020
Morningstar Sees Rocky Year Ahead, but No Major RecessionChristine Benz led a panel of Morningstar experts to discuss the market turmoil and when they think it will end.
March 17, 2020
Historic Collapse in Global Fund Manager Sentiment: BofA SurveyGlobal growth expectations posted the biggest monthly drop in the history of the survey.
March 17, 2020
Trump Administration Seeks $850B Stimulus Bill to Fight Virus FalloutTreasury Secretary Mnuchin is said to be seeking aid for airlines and small businesses as well as a possible payroll tax cut.
March 17, 2020
TD Ameritrade to Host Weekly Webinars on Virus Crisis"We want to do all we can to minimize the impact of the coronavirus epidemic for advisors and their clients," said Tom Nally, its RIA chief.
March 16, 2020
Gary Shilling Forecasts a 'Major Global Recession'The coronavirus pandemic is a shock to economies that were already weakening, he says.
March 16, 2020
Stocks Take Biggest Dive Since 1987 With Virus Upending EconomyThe S&P 500 sank 12%, extending losses as Trump said the economy could fall into a recession.
March 16, 2020
Ray Dalio Criticizes Fed Rate Cut, Calls for Bigger Moves GloballyThe Fed's 1% cut on Sunday "has wreaked havoc across financial markets," said Dalio.