Economy & Markets
The important economic and stock market news that advisors need to know.
Trump Replaces Priebus as Chief of Staff With DHS Chief Kelly
By Toluse Olorunnipa, Margaret TalevPriebus ouster follows clash with new top aide Scaramucci; news shared by the president on Twitter.
July 28, 2017
Treasury to Wind Down Obama MyRA ProgramDemand for and investment in the myRA program has been extremely low, Treasury said.
July 28, 2017
Vanguard Plans 2 New Actively Managed FundsThe Global Wellington Fund and Global Wellesley Income Fund are both international funds that include stocks and bonds.
July 27, 2017
Oil Companies Slim Drilling Budgets as Caution Takes HoldOil prices stuck below $50 a barrel are precipitating the cuts.
July 27, 2017
Trump's Pick for Bank Watchdog Ripped for Pre-Crisis PerformanceRandal Quarles, a former Treasury undersecretary and private equity firm partner, would be the Fed's first-ever vice chair for supervision.
July 27, 2017
Betterment Streamlines Offerings; Cuts Fees and Minimums on Premium AccountsBetterment has eliminated its Betterment Plus offering and moved those clients into its Premium accounts.
July 27, 2017
Deutsche Bank, JPMorgan Among Firms Fined $4.75M for Market Access ViolationsThe firms violated various provisions of the SECs Market Access Rule and related exchange supervisory rules.
July 27, 2017
Libor Funeral Set for 2021Bank lending no longer sufficiently active to sustain London Interbank Offered Rate; UK regulator says decision not linked to past manipulation.