Economy & Markets
The important economic and stock market news that advisors need to know.
Illinois Ends Impasse, Easing Imminent Risk of Cut to Junk
By Elizabeth CampbellThe deal leaves the state with a $160 billion pension plan funding shortfall.
July 05, 2017
Goldman Raises Year-End S&P 500 TargetThe index target, however, is still slightly below current trading levels.
July 05, 2017
Fed Officials Divided on When to Begin Balance-Sheet UnwindPolicymakers repeated their support for gradual rate hikes; a few expressed concern about high stock valuations.
July 05, 2017
Millionaires Love These 10 Small TownsThough many wealthy Americans live in big cities, plenty of others prefer small-town life.
July 05, 2017
Volvo Vaults to Volts, Planning to Pull Plug on Gasoline EnginesVolvo plans to offer only electric or hybrid models starting in 2019 and manufacture its last full-gasoline or diesel car by around 2025.
July 05, 2017
U.S. Investment-Grade Loan Issuance Drops to Lowest Since 2013The supply of the kinds of bonds that go into life policies and annuity contracts is sputtering.
July 03, 2017
Why Does Warren Buffett Fail at Investing (Sometimes)?A look at the numbers shows why Buffett, and all of us, underperforms at times, says Bob Seawright.
July 03, 2017
Manufacturing Pickup Signals Boost to U.S. Economic GrowthFaster growth in orders and production in late Q1'17 indicates solid demand; along with rising exports, shows manufacturing is on solid footing.