Economy & Markets
The important economic and stock market news that advisors need to know.
BofA Has More to Trim to Reach Its $53B Cost Target: Q4 Earnings
By Laura J. KellerBank of America once excited investors by pledging steep cost cuts by the end of this year. It still has a ways to go.
January 17, 2018
What’s Got the New York Fed President Worried?In a speech, William Dudley outlined two things hes not worried about and three things that have him concerned.
January 16, 2018
Valliere & Friedman: Government Shutdown Has Upside, Downside for InvestorsA short- or longer-term shutdown could have a variety of effects on the markets, Greg Valliere and Andy Friedman say.
January 12, 2018
Goldman, Morgan Stanley Fined as Fed Ends Foreclosure CasesFive banks were sanctioned and will pay a combined $35.5 million; one of the banks once run by Treasurys Mnuchin, OCCs Otting.
January 12, 2018
16 Best Fund Managers of 2017: MorningstarFour of the 16 will win Morningstar's Fund Manager of the Year award in their respective categories later this month.
January 11, 2018
Bill Gross: Bear Market in Bonds Is Already HereGross says the bear market started in July 2016 when the 10-year Treasury yield fell to 1.45%.
January 11, 2018
Buffett Says Stock Ownership Became More Attractive With Tax CutShareholders own 20% more of domestic corporate earnings as a result of the corporate tax cut, explains Buffett.
January 10, 2018
Bull Market Should Run Another 3 Years: GoldmanThe bank's chief U.S. equity strategist forecasts a 15% gain in the S&P over the next three years.