Economy & Markets
The important economic and stock market news that advisors need to know.
Trump Pick for DOL Chief Said to Be Andrew Puzder
By Rebekah MintzerThe fast-food CEO is a sharp critic of Obamas regulations and could roll back efforts to expand corporate liability and raise worker wages.
December 06, 2016
Moody’s Turns Negative on Outlook for Global Asset ManagersBusiness conditions for asset managers are at an "all-time low," says Moodys Managing Director Marc Pinto.
December 06, 2016
FINRA Says UBS Must Pay $18.6M to Puerto Rican Couple Over Closed-End FundsThere are more than 1,000 pending claims regarding Puerto Rico closed-end mutual funds sold by UBS, the claimants attorney says.
December 06, 2016
Betterment CEO to Trump: DOL Fiduciary Rule ‘Worth Your Time’The independent robo-advisory took out full-page ads in the NYT and WSJ asking the president-elect and readers to get behind the rule.
December 05, 2016
What the Future of Social Security Looks Like: Bill ReichensteinReichenstein, a CFA and university professor, explains how to extend the trust fund's solvency and reveals some strategies retirees overlook.
December 05, 2016
Fed’s Dudley Says He Favors Tighter Monetary Policy Over TimeNew York Fed President William Dudley signaled that he approves of higher interest rates over time as the economy continues to improve.
December 05, 2016
CANNEX Brings Greater Transparency to Annuity Market: Top Portfolio ProductsIn other product news, Invesco and iShares expand their ETF lineups.
December 02, 2016
Why RIAs and IBDs Favor ETFs Over Actively Managed Funds 4 to 1The increased flows into ETFs are due to many factors including the DOL fiduciary rule.