Economy & Markets
The important economic and stock market news that advisors need to know.
AllianceBernstein Fires CEO Peter Kraus and Removes More Than Half Its Board
By Charles Stein, Katherine ChiglinskyKraus is replaced by former JPMorgan executive Seth Bernstein as CEO and former World Bank President Robert Zoellick as chairman.
May 01, 2017
Why Merrill Is 'Very Short-Term' HawkishChristopher Hyzy, CIO of Bank of America Global Wealth & Investment Management, tells ThinkAdvisor how investors should strategize for the current "synchronized global recovery."
May 01, 2017
Morningstar to Offer Advisors a New Tool to Evaluate Risk: Portfolio ProductsIn other product news, Ivy enters the passive world with five new index funds.
April 30, 2017
These 10 Actively Managed Funds Beat S&P 500 for 15 Years: MorningstarThey are relatively low cost and more than half have concentrated portfolios and low turnover.
April 28, 2017
Vanguard Announces Fifth Round of Fee Cuts Since DecemberThe latest round include cuts for the world's largest stock and bond funds, the Vanguard Total Stock Market Index and Total Bond Market Index funds.
April 28, 2017
Congress Does Bare Minimum to Keep Government Open Next WeekThe stopgap funding bill averts a shutdown on President Trumps 100th day in office; lawmakers to continue talks on a broader financing bill.
April 28, 2017
Mnuchin's Ultra-Long Bond Bid Hits Wall Street RealityInsurers might love to hold on to bonds for 50 years, but how would banks feel about that?
April 28, 2017
Glory Days Are Over: 4 Tips for Investing in a Low-Return WorldRonald Reagan and Paul Volcker helped plant the seeds for more than 30 years of growth, but many trends are slowing or reversing.