Economy & Markets
The important economic and stock market news that advisors need to know.
Trump Says He's Signed Spending Bill, Reversing Veto Threat
By Jennifer Epstein'I will never sign another bill like this again,' Trump says.
March 22, 2018
US Portfolio Performance Surpassed European Peers in 2017Currency was a key factor in disparate performance, catching many investors unwary of risk, Natixis reports.
March 22, 2018
Citigroup Restricts Gun Sales by Its Business CustomersCitigroup is the first major bank to impose restrictions on firearms, but some retailers have already done so.
March 22, 2018
Senate Passes Spending Bill; SEC Gets $1.6 BillionNotable exclusions include health insurance market stabilization measures, immigration fixes, changes to Medicare Part D drug coverage, and a national online sales tax, says Raymond James policy analyst Mills.
March 22, 2018
Bill Gross: Don't Expect 3 to 4 Fed Hikes This YearThe U.S. economy and others are "too highly leveraged" to tolerate a federal funds rate above 2% when inflation is near 2%, he says.
March 22, 2018
50 Years From Now, What Will Life Be Like for Millennials?A Prudential study finds that millennials think the old assumptions about education, work and retirement no longer apply for them.
March 21, 2018
Chances Rise for 4th Fed Rate Hike in 2018The latest Fed policy statement and dot plot are changing expectations.
March 21, 2018
UBS to Pay $230 Million to N.Y. State in Mortgage Securities ProbeUBS sold RMBS backed by loans that didn't comply with its own underwriting guidelines, the AG's office found.