Economy & Markets
The important economic and stock market news that advisors need to know.
Yellen Says Economy Near Goals, Warrants Gradual Rate Hikes
By Craig Torres, BloombergU.S. central bankers are bracing for what could be an economic regime shift.
January 18, 2017
Schwab, TD Ameritrade Post Strong Q4 Earnings as New Accounts, Assets SoarAssets in proprietary Schwab ETFs rose more than 50% from last year to $62 billion.
January 17, 2017
Deutsche Bank to Pay $7.2B for Misleading InvestorsMortgage probe by Justice Department was among the banks biggest litigation risks.
January 17, 2017
Top 10 Investing, Business Ideas for Advisors in 2017: MercerAmong Mercers suggestions are to prepare for regulatory changes and align revenue compensation models.
January 13, 2017
Wells Fargo Benefits From Higher Rates, Plans Cost ReductionThe bank is targeting a $2 billion cut in annual expenses by end of 2018.
January 13, 2017
El-Erian Says Buy Emerging Market Currencies That Fell Too MuchAllianz's chief economic advisor says these currencies will eventually "come back," but investors should expect volatility in the meantime
January 13, 2017
BofA Raises Forecast for Interest Income as Profit Climbs 43%Net interest income is expected to increase by about $600 million in the first quarter.
January 13, 2017
New Study Predicts Charitable Giving Rise in 2017 and 2018Increases in the U.S. economy will lead to a near-term rise in philanthropic giving, Indiana Universitys Lilly Family School of Philanthropy predicts.