Economy & Markets
The important economic and stock market news that advisors need to know.
Top Portfolio Products: Global X, Nuveen Add ETFs; Financial Engines Expands Services
By Marlene Y. SatterGlobal X introduces three tech ETFs while Nuveen adds bond ETF focused on additional yield.
September 16, 2016
Harvard Study: Political Dysfunction Threatens U.S. EconomyOnce the envy of many nations, the U.S. political system has become our greatest liability, three Harvard business professors say in a new study.
September 16, 2016
Betterment Played Favorites With Clients After Brexit Vote: Massachusetts RegulatorThe regulator is unhappy with the unequal treatment of Betterments retail and institutional clients during the firms trading halt following Brexit.
September 15, 2016
U.K. Official: No Brexit Negotiations This Year; U.S. Groups Want Transition PeriodA British official overseeing trade policy told a SIFMA symposium that the U.K. will definitely not begin the process of exiting the EU before year end.
September 15, 2016
Ignore These 7 Climate Change Factors at Your Portfolio’s Peril: BlackRockFinancial advisors should add climate change to the list of factors they consider when thinking about portfolio risks, said BlackRocks Richard Turnhill.
September 15, 2016
Elizabeth Warren Has Five More Bad IdeasSome of Warren's ideas could have consequences counter to what she says her goals are: helping workers, raising incomes and ensuring the system is fair.
September 14, 2016
PIMCO Accuses Bill Gross of Leaking Confidential Bonus RecordsPIMCO escalated its court battle with Bill Gross by claiming he may have destroyed documents and leaked confidential pay information to the media.
September 14, 2016
Pension Spending Shows Big Impact on Economy: NIRS ReportIn 2014, retiree spending of pension benefits generated $1.2 trillion in total economic output, supporting 7.1 million jobs, according to the report.