Economy & Markets
The important economic and stock market news that advisors need to know.
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.
February 03, 2025
Trump Tariffs Will Backfire: Greg ValliereTrump is overplaying his hand, "needlessly making enemies for life," says the AGF Investments policy strategist.
February 03, 2025
Stocks Pare Losses as Mexico Says Tariffs DelayedThe S&P 500 dropped about 1% after falling twice as much earlier in the session.
January 31, 2025
Trump May Give DOGE Access to Treasury Payment Systems: ReportThe systems send out bond payments, Social Security payments and tax refunds.
January 31, 2025
RIA M&A Activity Set Record in 2024: DeVoeThe 272 announced transactions in the year, including 81 in the quarter, topped the 2022 mark.
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 30, 2025
Gary Shilling: Cautious Investing Stance Vindicated, for NowThe advisor and economist is waiting "until the dust settles" before changing investment themes.
January 30, 2025
Musk-Trump Bromance Turns X Debt From Burden to Asset for Morgan StanleyInvestors are flocking to the tech company as the bank leads a $3 billion debt offering.