Economy & Markets
The important economic and stock market news that advisors need to know.
'Bank of Mom and Dad' Would Be 7th Biggest Lender in US: Study
By Ginger SzalaFamily lending is widespread and can have a steep cost for the lenders, Legal & General reports.
May 17, 2019
The Ag Economy Is So Bad Farmers Stopped Replacing Old TractorsIn the second half of 2019, Deere sees some of its larger facilities shipping as much as 20% less than a year ago.
May 17, 2019
Retirees Beware: IRS Pension Buyout Stance Shifts (Again)The recent IRS change of course on this issue may add complications into the mix for retired clients who are already in pay status.
May 17, 2019
White House Considering Derek Kan for Fed SeatKan is undersecretary at Transportation Department under Chao; Hawaii Democratic Senator Brian Schatz tweets support for Kan.
May 17, 2019
Bitcoin Tumbles as Stellar Run for Digital Tokens Loses FootingOther cryptocurrencies including Ethereum, Bitcoin Cash and Litecoin followed right behind.
May 16, 2019
12 Best US Cities to Start a CareerWalletHub scored 182 cities based on quality of life and career opportunities.
May 16, 2019
Self-Directed 401(k) Investors Fare Better With Advice: SchwabThey also engage in nearly twice as many trades, according to new data.
May 16, 2019
Yale Investing Chief Swensen Tops University Pay at $4.7MThe Ivy League school has posted a return of 11.6% in the five years through June 2018.