Economic Trends
Get the latest economic news and analysis to understand emerging economic trends and their impact on portfolios.
Franklin Resources Cuts 3% of Workforce
By Silla BrushThe $1.6 trillion money manager is consolidating operations after clients of its Western Asset unit redeemed $120 billion.
January 31, 2025
As Trump Tariffs Near, World Braces for Stock Market SpilloverStarting Saturday, Trump could put 25% tariffs on all imports from Canada and Mexico or phase in higher duties.
January 28, 2025
Bessent Wins Senate Confirmation to Be Treasury SecretaryThe former hedge fund manager won confirmation by a vote of 68 to 29 Monday.
January 27, 2025
UBS Axes Hundreds of Jobs as Integration Gathers PaceThe firm has begun job cuts in Switzerland and is getting rid of the Credit Suisse brand.
January 23, 2025
U.S. Consumers Face Much More Uncertainty About FinancesA new index shows why retirement savers look fine on paper but feel dizzy in practice.
January 22, 2025
BofA CEO Says He’s ‘Not Going Anywhere’Brian Moynihan also said advancements in AI and automation help keep costs and headcount in check.
January 22, 2025
Widows Will Inherit $51 Trillion in Great Wealth Transfer: CerulliWith so much money poised to be passed on to women, advisory firms should address gender service gaps.
January 22, 2025
What's Next for Trump’s Tax Policies and Other Plans?Talks with lawmakers Tuesday ended without a deal on how to advance the president's signature tax policies.