Economy & Markets
The important economic and stock market news that advisors need to know.
Fed Raises Rates by Quarter Point, Signals Possible Pause
By Matthew BoeslerIt may be the final move in the aggressive tightening campaign as economic risks mount.
May 02, 2023
Wall Street Rattled by 20% Plunge in Pair of BanksAhead of the Federal Reserve decision, multiple volatility halts in PacWest Bancorp and Western Alliance Bancorp were seen as disturbing.
May 02, 2023
Call for Glass-Steagall Revival Grows as Bank Failures MountThe bill could be part of a new wave of debate about the Dodd-Frank Act.
May 02, 2023
14 Best Value Private Colleges: Princeton Review, 2023These private colleges will give you the most for your tuition, according to the Princeton Review.
May 02, 2023
Morgan Stanley Plans 3,000 More Job CutsThe planned cuts come just months after the firm trimmed about 2% of its workforce.
May 01, 2023
JPMorgan to Buy First RepublicThe bank will pay the FDIC $10.6 billion and incur $2 billion in related restructuring costs over the next 18 months.
April 28, 2023
Friend of Warren Buffett Unpacks His Investing WisdomAuthor Lawrence Cunningham also tells ThinkAdvisor how he thinks Berkshire Hathaway will be run by Buffett's successors.
April 28, 2023
TreasuryDirect Site Hits Snags; New Rate Set for I BondsThe website faced intermittent problems as the government posted a new, lower I bond interest rate.