Economy & Markets
The important economic and stock market news that advisors need to know.
White House Unveils Trump’s First Tax-Cut Bid, Corporate Rate of 15%
By Sahil Kapur, Shannon PettypieceTax plan calls for shift to territorial system for companies; top individual tax rate would be cut to 35% from 39.6%.
April 26, 2017
Financial Planners Fight Spending Bill Rider That Kills DOL RuleThe Financial Planning Coalition moves against other industry players who are "aggressively advocating" for a rider that would prohibit DOL from implementing the fiduciary rule.
April 25, 2017
Advisors Worry About Risk in Rising Passive InflowsAll that money moving into a single asset class is concerning, said Eaton Vance's John Moninger.
April 25, 2017
Wells Fargo Prevails Over Raucous ShareholdersDespite shouting and several advocates being escorted out, all 15 board members won re-election and no shareholder proposals critical of bank policies were approved.
April 24, 2017
How Trump's Tax Proposal Could Affect the Muni Bond MarketCuts in marginal personal and corporate income tax rates and the elimination of the state and local tax deduction from federal taxes could affect munis.
April 24, 2017
Americans’ Personal Economic Anxiety Down Since ElectionHealth care is Americans' biggest worry, the survey by Marketplace and Edison Research found.
April 24, 2017
What Markets Should Conclude From France's ElectionMarkets understandably will be relieved by the outcome of this first round of voting, but don't relax yet.
April 24, 2017
Nuveen Adds Real Estate Allocation to TDF Series: Portfolio ProductsIn other product news, VictoryShares launches Dividend Accelerator ETF.