Economy & Markets
The important economic and stock market news that advisors need to know.
Brokerages, Banks Caught Up in Massive Tech Outage
By Dinah Wisenberg BrinClients at Bank of America, JPMorgan Chase, Schwab and Wells Fargo reported problems Friday morning.
July 18, 2024
With Secure 2.0, Saver's Credit Set for Valuable UpgradeThe direct matching contribution is expected to reach a wider group of taxpayers planning for retirement.
July 18, 2024
Fed Prepares for September Cut as Powell Shifts Focus to JobsBut Fed officials still want to see price numbers trending down toward their 2% annual inflation goal before they fully commit to the cut.
July 18, 2024
Biden Administration Backs Off From Medicare Agent Pay FightOfficials have agreed to a stay that will push big changes back until after the general election.
July 17, 2024
Nasdaq 100 Set for Worst Day Since December 2022The S&P 500 fell over 1%, while the Nasdaq 100 dropped 2.5%. A gauge of the "Magnificent Seven" megacaps slipped 3%.
July 17, 2024
Real Estate Investor Sentiment Surged in Q2: SurveyA majority of respondents view the market as better or much better than it was a year ago.
July 17, 2024
Bob Doll Checks in on His 10 Predictions for 2024Only three of the Crossmark CIO's calls for the year appear headed in the right direction.
July 17, 2024
Alts 'Should Be Core' in Most Portfolios: Merrill Investment ExecThe firm now offers alts to clients with at least $1 million in assets, Nancy Fahmy tells ThinkAdvisor.