Economy & Markets
The important economic and stock market news that advisors need to know.
BofA, Goldman Sachs Reverse Roles With Core Business Letdowns
By Laura J. Keller, Dakin CampbellBank of America beats on trading while Goldman boosts lending; both firms stocks jumped more than 30% after Trumps election.
July 17, 2017
BlackRock Keeps Getting Bigger but Misses Sales EstimatesRakes in a record $74 billion for exchange-traded funds; but overall revenue fails to meet analysts expectations.
July 17, 2017
IndexIQ Lowers Fees for 3 Currency-Hedged ETFs: Portfolio ProductsAlso, OppenheimerFunds and Direxion add ETFs; Harvest and Foundation Source launch continuing ed programs.
July 17, 2017
Bond ETFs Are Hotter Than They’ve Ever BeenInflows are rising along with the proliferation of new fixed income ETFs, including smart beta funds.
July 14, 2017
How Much Does a Data Breach Hurt a Company's Stock?Study finds evidence of "breach fatigue" as more recent data breaches have less of an impact on stock performance.
July 14, 2017
Roubini: 4 ‘Unappealing’ Options for Central Banks in Next RecessionNouriel Roubini says central banks in advanced economies will have no choice but to plumb the zero lower bound.
July 14, 2017
Big Banks Continue Winning Streak, With Street at LeastU.S. banks reporting earnings Friday lengthened their streak of surpassing or matching expectations which, to be fair, are managed by bank executives.
July 14, 2017
JPMorgan Just Had the Most Profitable Year in the History of BankingStocks drop across finance industry as earnings season begins; Earnings bring us back to the underlying results: analyst.