Economy & Markets
The important economic and stock market news that advisors need to know.
Morgan Stanley to take $150 million charge, cut 1,200 jobs
By Michael J. MooreThis amounts to 25 percent of Morgan Stanleys fixed-income trading staff, with other reductions coming in infrastructure and support roles.
December 07, 2015
Oil Falls to Six-Year Low, Energy Stocks SinkCrude drops 6%, but Goldman Sachs says it could plunge another 50% in '16.
December 07, 2015
Spending Bill Rider Would Delay DOL Fiduciary Rule by Adding Comment Period"Vigorously advocating for a rider on the year-end spending bill ... may sound harmless, but it is not," the Financial Planning Coalition said.
December 04, 2015
Junk Bond Issuance Soars Ahead of Expected Fed Rate HikeThe higher yields of junk bonds tend to offset some of the impact of falling prices when rates rise.
December 04, 2015
Puerto Rico's Debt Deal Goes to Supreme CourtHigh court likely to rule by June in battle with bondholders.
December 04, 2015
Bill Gross: Easy-Money Casino Is Closing; Time to Sell StocksWhen investors lose faith in monetary policy and their currencies crater, they'll "look around like Wile E. Coyote wondering how far is down, Gross writes.
December 04, 2015
9 best U.S. cities for advisors to find clients: 2015These cities have the highest number of wealthy households with the fewest advisors to serve them.
December 03, 2015
Affluent Investors’ Confidence Grows in November: SpectremWhile investors are feeling more confident, concerns over the threat of terrorism weigh on investor sentiment, Spectrem Group says.