Economy & Markets
The important economic and stock market news that advisors need to know.
Stock Selloff Erases All of This Year's Gains
By Vildana Hajric and Sarah PonczekThe Nasdaq, which is still in positive territory for the year, plunged 4.4% on Wednesday, its biggest single-day slide since August 2011.
October 24, 2018
Top House GOP Tax Writer Commits to Trump's 10% Middle-Class Cut"Republicans are scrambling because voters saw through their tax scam," Rep. Richard Neal, D-Mass., responded.
October 23, 2018
TD Ameritrade Profits Soar, RIA Technology Remains Priority: Q3 Earnings"The more we can automate, the more time advisors can spend with their clients," according to CEO Tim Hockey.
October 23, 2018
BofA Merrill Lynch Sees the Future: U.S. Stock Roller CoasterYield curve cycle points to enduring era of higher volatility; Goldman echoes prediction for more price swings based on GDP.
October 23, 2018
Are New USA Plans a Boon to Savers? Bloink & Byrnes Go Thumb to ThumbProfessors Bloink and Byrnes, who hold opposing political viewpoints, share their opinions on the new universal savings accounts.
October 23, 2018
Rolling Bear Market in U.S. Equities Getting Hard to Shake OffThe S&P 500 is down 7% since its late September record high, but some individual stocks in the index have suffered much greater losses.
October 22, 2018
Investors Expect Midterms Will Be Good News for Their PortfoliosYounger investors were significantly more optimistic than baby boomers, an E-Trade poll found.
October 22, 2018
Goldman Moves Digital Bank to Wealth Unit in Expansion BidWhile the unit, Marcus by Goldman, currently offers only personal loans and deposit accounts, it has ambitions to expand.