Economy & Markets
The important economic and stock market news that advisors need to know.
BofA Wealth Unit Boosts Profits 14%; No Plans to Sell Retirement-Plan Ops
By Janet LevauxSome 11% of new client relationships for Merrill advisors came from referrals in other parts of the bank in 2018, and that level could rise this year.
April 15, 2019
Where Harry Markowitz, Father of Modern Portfolio Theory, Is Invested NowThe 91-year-old Nobel winner also told ThinkAdvisor that AI should stand for "artificial idiocy."
April 15, 2019
ProcureAM's Space ETF (UFO) Takes Off: Portfolio ProductsAlso, First Ascent Asset Management launched factor-based portfolios to be offered for a low, flat annual fee.
April 11, 2019
Will Wells Fargo, JPMorgan Hit or Miss With Q1 Earnings?The large banks and other sectors are facing headwinds when it comes to beating prior results, analysts say.
April 11, 2019
How Wishful Thinking Can Hurt RetirementTwo economists examine how wishful thinking can lead to reduced saving and can generate asset bubbles.
April 10, 2019
Fed Minutes Show Some Rate Flexibility During Uncertain TimesSeveral Fed policymakers indicated their views could shift as a result of new data and developments.
April 10, 2019
Rep. Waters Probes Big-Bank CEOs on Downsizing Since Financial CrisisMorgan Stanley CEO James Gorman cited the bank's wealth management operations as a stabilizing force.
April 10, 2019
Demographic Decline Is the Real Threat to the USThe U.S. is far from full. Many areas are in danger of emptying out.