Economy & Markets
The important economic and stock market news that advisors need to know.
‘Huge’ Wealth Transfer in Sight: UBS, PwC Report
By Emily ZulzIn the U.S. alone, about $1.1 trillion will transfer to the next generation over a period of 20 years, the report estimates.
October 18, 2016
AIG to sell Chile, Turkey units to Fairfax as CEO narrows focusFairfax will also acquire renewal rights on the portfolio of business written by AIGs Central and Eastern European operations in countries including Poland.
October 17, 2016
BofA Wealth Profits Jump 10%: Q3 EarningsThe unit is set to have a new leader in 2017, when it will no longer offer commission-based retirement accounts.
October 17, 2016
Fed’s Fischer Makes Case for Fiscal Policy to Boost GrowthThe vice chair of the Fed said a combination of private investment, infrastructure spending and effective regulation are likely to promote growth.
October 17, 2016
3 Potential ‘Black Swans’ to Watch For: 3EDGEThe markets today are even more susceptible to black swan events than before, according to 3EDGEs president Stephen Cucchiaro.
October 17, 2016
Goldman Says U.S. Bondholders Risk a $1.1 Trillion Hit if Rates SpikeA 1% increase in interest rates could inflict such a mega loss in the Bloomberg Barclays U.S. Aggregate Index, according to Goldman analysts.
October 17, 2016
Psychologist Offers Advice for Clinton, Trump to Improve Debate PerformanceBefore Wednesdays debate, Dr. Alden Cass, a clinical psychologist who assists financial advisors, addresses the candidates behavioral weaknesses.
October 14, 2016
House, Senate Races Loom Large for Next President’s SuccessA single party government can work pretty quickly, said economist Vince Reinhart.