Economy & Markets
The important economic and stock market news that advisors need to know.
Amazon Shares Hit $1,000, Showing Dominance of E-Commerce, Cloud
By Spencer SoperThe stock has gained almost 40% in a year, more than double the 15% advance in the S&P 500.
May 26, 2017
First-Quarter GDP Growth Revised Upward to 1.2%The new annualized rate reflects revisions in consumer spending, utilities consumption and construction.
May 26, 2017
Fund Expenses Drop 7% in 2016; Vanguard Leads the Pack: MorningstarThe largest fund family had an asset-weighted average expense ratio of 0.11% last year, the research firm says.
May 26, 2017
DOL Looking for Reason to Delay Full Fiduciary Compliance Date: LawyerThe department says it will issue a Request for Information; the findings could give it cover to delay past Jan. 1, lawyer Erin Sweeney says.
May 26, 2017
The Rise and Fall of Modern Portfolio TheoryMPTs ubiquity confirms its legitimacy through social validation rather than empirical evidence.
May 26, 2017
DOL Fiduciary Deadline Is Coming. Here’s a Compliance ChecklistCompliance firms and attorneys are busy giving advisors, BDs and plan sponsors a to-do list as the June 9 compliance date nears.
May 25, 2017
A Step Backward in Financial RegulationThe Financial Choice Act will make the financial system less safe, and it won't eliminate bailouts in a future crisis.
May 25, 2017
Could Stocks Save Social Security?The Center for Retirement Research explores the potential of adding equities to the bonds held by the Social Security trust fund to boost yield.