Economy & Markets
The important economic and stock market news that advisors need to know.
UBS Said to Weigh Asset Management Options Including Merger
By Patrick Winters, Sonali Basak and Jan-Henrik FörsterSwiss bank considering partial sale or merger of business; asset managers seeking scale to fend off low-cost competitors.
April 02, 2019
Half of Older Americans Have Nothing in DC Plans, IRAsTwo in five of those households have a pension; the rest have no retirement account at all, the GAO reports.
April 01, 2019
Robert Shiller: Why Aren't Stock-Market Booms Predictable?Major shifts should be at least partly foreseeable; yet they aren't, the economist says.
April 01, 2019
11 Things You Should Know About the Yield Curve: LPLWhile a yield curve inversion may precede a recession, growth can continue for years after that first flip.
April 01, 2019
WisdomTree Restructures 2 Funds: Portfolio ProductsIn other product news, an impact investment opportunity launched that aims to fix the gender disparity in small business lending.
March 29, 2019
Morgan Stanley President to Retire in JuneWealth management co-heads Andy Saperstein and Shelley O'Connor are both under consideration for the role being vacated by Colm Kelleher.
March 28, 2019
After Sloan's Exit, What's Next for Wells Fargo?Bank leaders outline where it will look for its next CEO and other measures it is taking to put the fake-account scandals behind it.
March 28, 2019
Fixed Income Investors See Economic Cycle Ending Soon: SurveyInterest in ESG and China are on the rise, an Invesco survey finds.