Economy & Markets
The important economic and stock market news that advisors need to know.
Emerging stocks slump as China turmoil prompts broad selloff
By Natasha Doff, Bloomberg, Giang NguyenThe World Bank on Wednesday cut its global growth forecast for 2016 on concern that Chinas slowing economy will prolong a commodity slump and recessions in Brazil and Russia.
January 07, 2016
Who’s Right on Future Rate Hikes — the Market or the Fed?Forget the jobs data; Schwab's Liz Ann Sonders and Kathy Jones say inflation data will be the key determinant for future rate hikes.
January 07, 2016
Bill Gross: Deficits Plus Demographics Equal DisasterAs more retirees burden fewer workers, Americans will need "extra doses of Xanax, or additional slices of cake, to cope," says the bond guru.
January 07, 2016
George Soros Sees Market Crisis That Echoes 2008China is struggling to find a new growth model and its currency devaluation is transferring problems to the rest of the world, Soros said.
January 07, 2016
Be Smart. Don't Try to Time the MarketOn the 35th anniversary of Joseph Granvilles regrettable sell everything call, a reminder to acknowledge our fallibility.
January 06, 2016
Clinton's Shrewd Plan to Stop InversionsPolitical campaigns are not generally known as ideal laboratories for devising sensible, innovative policies. Yet Hillary Clintons proposals to combat corporate inversions are just that.
January 06, 2016
Some FOMC Members Saw December Rate Rise as ‘Close Call’Some policymakers worried about too-low inflation and received assurances that their colleagues would closely monitor its progress.
January 06, 2016
Gallup: One-third of high-income earners cutting spendingThree in five Americans polled by Gallup in 2015 said they are cutting back on how much money they spend each week.