Economy & Markets
The important economic and stock market news that advisors need to know.
Alice Rivlin, Fed Vice Chair Who Was Budget Hawk, Dies
By Patrick OsterShe was founding director of the Congressional Budget Office; CBO was the 'official purveyor of bad news to the Congress.'
May 13, 2019
Consumers Expect Big Increases in College and Health Care CostsBoth are expected to increase at roughly three times the median inflation rate over the next 12 months.
May 13, 2019
How Much Money Do You Need to Be Wealthy in America?It's a slight drop from last year, and the answer varies by generation.
May 13, 2019
The 10 Biggest Political Spenders on Wall StreetThese firms spent the most on lobbying and campaign contributions in the last election cycle.
May 13, 2019
Pimco's Chief Is Sticking to What Firm Knows Best: Fixed IncomeWhat has firm done differently — and what it hasn't — to keep up with business can be lesson for advisors.
May 13, 2019
American Students Have Changed Their MajorsCritics of modern academia paint it as inadequately practical, but the fastest growing majors show a different picture.
May 13, 2019
Low Fees Reshape Target Date Fund Market: MorningstarMorningstar's latest annual report on target date funds shows the growing popularity of low-cost mutual funds and CITs.
May 13, 2019
Fidelity Launches Women's Leadership Fund: Portfolio ProductsAlso new ETFs have been introduced by SoFi, Quadratic Capital and Amplify ETFs.