Economy & Markets
The important economic and stock market news that advisors need to know.
Citigroup to Lead Bank Stocks as Earnings Kick Off Monday
By Felice Maranz and Gerald Porter Jr.Citigroup switches places with JPMorgan, which usually reports first but follows a day later with Wells Fargo.
January 11, 2019
US Recession Risk Hits 6-Year HighThe government shutdown is affecting "business confidence and could weigh on consumer confidence," according to a Deutsche Bank economist.
January 10, 2019
Fed Can be 'Patient and Flexible' with Rate Policy: PowellPowell spoke Thursday at the Economic Club of Washington in a Q&A session with David Rubenstein, a co-founder of private equity firm Carlyle Group LP, where he had previously worked.
January 10, 2019
5 Predictions for the Housing Market in 2019Absent typical warning signs of a housing bubble, chances of a bust are minimal, economist Ralph DeFranco says.
January 10, 2019
Young Advisors Want More Social Impact Fixed Income Products: SurveyIncapital found young advisors use individual bonds to discuss social impact goals, but most want more fixed income options.
January 10, 2019
BlackRock to Cut 500 Jobs Amid Market TurmoilThe asset manager will fire 3% of its global workforce, its biggest headcount reduction since 2016.
January 10, 2019
Fed Minutes More Cautious About Rate Hikes Than FOMC StatementThe minutes reveal that "a few participants" favored skipping the December rate hike.
January 09, 2019
Waters Says Shutdown Is 'Jeopardizing' Markets, InvestorsSEC's skeleton crew is hindering agency's ability to "hold bad actors accountable," Waters said on the House floor.