Economy & Markets
The important economic and stock market news that advisors need to know.
BofA Q2 Profit Drops 18%
By Janet LevauxRevenue for the wealth group continues to drop, along with fees and commissions at Merrill and elsewhere.
July 18, 2016
What’s behind the ballooning upper middle class? EducationChildren are more likely to inherit their parents' educational status than their income status.
July 18, 2016
Real Estate to Become Its Own S&P 500 SectorMoving real estate out of financials and into its own sector should increase its importance in investor portfolios.
July 15, 2016
Social Impact Bonds Gain Global MomentumThe Social Finance Global Network looks at these public-private partnerships. Here's one (for preschoolers) that panned out and one (for inmates) that didn't.
July 15, 2016
Kleintop: 3 Reasons to Stay Globally DiversifiedInvestors who retrench after the Brexit vote could miss out on the next "investing megatrend," Schwab strategist Jeffrey Kleintop says.
July 15, 2016
Emerging Market Stocks Head for Best Week in 4 Months on China DataThe MSCI Emerging Markets Index is approaching an eight-month high, led by telecom and consumer discretionary stocks.
July 14, 2016
World’s Top Investors Ring Alarm as Markets Reach New HighsThey include BlackRock's Larry Fink, Doubleline Capital's Jeff Gundlach and Janus Capital's Bill Gross.
July 14, 2016
Betterment Assets Top $5 Billion; Firm Hires Its First CFOBetterment CEO Jon Stein says assets are five times what they were just 18 months ago.