Economy & Markets
The important economic and stock market news that advisors need to know.
Vanguard Prepares to End Variable Annuity Offering
By Bernice Napach"Annuity administration is not central to our long-term product and service plans," said Vanguard's Karin Risi.
June 19, 2019
Fed Leaves Rates Unchanged, Scraps 'Patient' ApproachThe Fed's statement set the stage for potential rate cuts later this year although policymakers were sharply divided on the necessity for one.
June 18, 2019
Adjust Portfolios Now for Future Volatility: Wells FargoWells Fargo Investment Institute recommends "eyes forward" in its midyear outlook.
June 18, 2019
Bears Are Everywhere, Merrill Investor Poll FindsInvestor concerns about a trade war have soared over the past month, fund managers say.
June 18, 2019
Former Fed Vice Chair Says Trump Threatens Fed's IndependenceStanley Fischer says Trump's push for lower rates could strike a mortal blow against the central bank.
June 17, 2019
Opportunity Zone Reporting: Recommendations From an Investors GroupA coalition of nearly 70 organizations responds to Treasury's request for information.
June 17, 2019
ESG Considerations Taking Root Faster Than ExpectedA global survey of fund managers shows almost 80% consider ESG factors to be material in their daily investment activities.
June 17, 2019
Fidelity Expands Model Portfolios: Portfolio ProductsAlso, a consortium of firms has launched a packaged retirement program for advisors and plan sponsors.