Economy & Markets
The important economic and stock market news that advisors need to know.
Treasury to Wind Down Obama MyRA Program
By Melanie WaddellDemand for and investment in the myRA program has been extremely low, Treasury said.
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.
July 27, 2017
DC Plan Sponsors Rethink Fixed Income: T. Rowe Price SurveyThe survey of plan sponsors finds that equity and target date strategies receive the highest allocation of time and attention.
July 26, 2017
BlackRock Says `Absolutely Critical' to Look at China BondsU.S. life and annuity issuers are major bond buyers.
July 26, 2017
Gary Shilling: Deflation Likely; Fed ‘Completely Clueless’The economist, beekeeper and ex-physicist talks to ThinkAdvisor about Trumps promised fiscal stimulus, robo-advisors and how he makes his predictions.