Economy & Markets
The important economic and stock market news that advisors need to know.
Grantham's GMO Dissolves International Stock Team as Assets Fall
By Sabrina WillmerA more quant-focused global equity team takes over strategies; GMOs assets under management have fallen steeply in recent years.
July 06, 2017
Treasury Yields Top Gundlach's 'Critical Level'On Twitter, the bond king shares his views on the 10-year and sounds off on volatility and Pimcos treatment of Bill Gross.
July 05, 2017
How Prepared Are Boomers, Gen Xers & Millennials for Retirement?A survey from Legg Mason compares the average asset allocation of the different generations.
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.