Economy & Markets
The important economic and stock market news that advisors need to know.
BofA's Wealth Unit Boosts Profits 43%: Q4 Earnings
By Janet LevauxMerrill Lynch chief Andy Sieg says it intends to stay in the broker protocol for recruiting and stay out of the independent channel.
January 16, 2019
Federal Data and Its Discontents Loom Large as Shutdown Wears OnThe Commerce Department and Census Bureau lack approved spending -- holding up reports from retail sales to inflation.
January 15, 2019
The Shutdown's Bad, and It Could Get Much Worse"Shutdowns don't get bad linearly; they get bad exponentially," says Sam Berger, who worked at OMB during the 2013 government shutdown.
January 15, 2019
Morningstar's December Winners and LosersMorningstar recently published its summary of upgrades, downgrades and new fund ratings.
January 15, 2019
Beware These Early Warning Signs of an Upcoming RecessionBesides a flattening or inverted yield curve, there are many other indicators that advisors should be watching.
January 15, 2019
Bill Gross' Shrinking Vanity Fund Mostly Harms HimselfThe former bond king can't stop the withdrawals, with assets now below $1 billion.
January 15, 2019
With Brexit Defeat, Pound Trims DeclineThe best case for a majority of investors would be another poll on whether Britain should leave the EU.
January 15, 2019
Wells Fargo, Advisor Headcount Still in Trouble: Q4 EarningsThe bank will limit asset growth in 2019; meanwhile, another San Francisco-based wealth firm tells a rosier story.