Economy & Markets
The important economic and stock market news that advisors need to know.
BofA Raises Forecast for Interest Income as Profit Climbs 43%
By Laura J. KellerNet interest income is expected to increase by about $600 million in the first quarter.
January 12, 2017
UBS Hit With Second $18M Ruling Over Puerto Rican MunisThe ruling includes $4 million in punitive damages, while the prior award is being challenged in court.
January 12, 2017
Bank Analysts Say ‘Steady On’: Q4 Earnings PreviewBofA, Wells Fargo and JPMorgan kick off the fourth-quarter reporting season on Friday.
January 12, 2017
Morningstar Upgrades 5 Funds, Downgrades 7 and Puts 3 Under ReviewThe new Morningstar analyst ratings included only one upgrade to Gold.
January 12, 2017
16 Best Fund Managers of 2016: MorningstarThe list includes big firms (like Vanguard) and some smaller names (such as Parnassus) in four categories.
January 11, 2017
College Degree Doubles the Odds of Getting a JobThe unemployment rate of recent college graduates is less than half the rate for all young workers, according to the New York Fed.
January 11, 2017
Trump’s Border Tax Threat May Weaponize the DollarThings may even out in the U.S., but emerging markets will suffer.
January 11, 2017
Gundlach, Ribbing ‘Second-Tier’ Managers, Says 3% Is Rate to WatchThe DoubleLine CEO took an apparent shot at Bill Gross while discussing his yearly outlook, which also predicted a stock selloff around Trumps inauguration.