Economy & Markets
The important economic and stock market news that advisors need to know.
Sticker Shock: 71% of Parents Say College Is Too Costly
By Bernice NapachCollege is absolutely necessary but at the same time unaffordable, says Brian Schwartz, an HSBC financial advisor.
July 16, 2015
Affluent Investors Prefer Human Advisors—With a Catch: Wells Fargo SurveyAdvisors "need to look for ways to have technology complement and augment their relationships with clients," says Joseph Nadreu of Wells Fargo.
July 15, 2015
Yellen Upbeat on Economy Amid GOP AttacksYellen rejects more oversight of Fed as House Republicans criticize her.
July 15, 2015
BofA Takes ‘Giant Step’ as Mortgages, Cost Cuts Fuel ProfitThe news follows CEO Moynihan's remarks in May that the firm would have to cut costs further in its trading division.
July 15, 2015
What Fitbit Says About Me — and the WorldAlmost a month of using Fitbit has reminded me of some old lessons and taught me some new ones.
July 15, 2015
Canada cuts rates for 2nd time as oil shock shrinks economyCanada's central bank lowered its benchmark rate on overnight loans between commercial banks to 0.5 percent.
July 15, 2015
U.S. index futures little changed as Yellen sees 2015 rate risePolicy makers are emphasizing that the pace of subsequent interest rate increases will be gradual.
July 14, 2015
India’s Economy: Beyond ModiExpectations of Prime Minister Modis economic vision have run ahead of his execution. So does the investment case for allocating to Indias equity market still hold up?