Economy & Markets
The important economic and stock market news that advisors need to know.
First Republic Slides Even as Regional Bank Stocks Rebound
By Kit Rees and Bre BradhamBank stocks "are more inexpensive today than they were during the pandemic," said Baird analyst David George.
March 17, 2023
Social Security COLA Below 3% Looks Likely for 2024A 0% COLA is possible if inflation continues to ease, says Mary Johnson of The Senior Citizens League.
March 17, 2023
Jeremy Siegel: SVB Collapse Will 'Knock Some Sense' Into Fed Chair"I don't think this market's going down much further," the economist said.
March 17, 2023
Building Retirement Income Requires More Than Monte Carlo WizardryWhile they can be useful, Monte Carlo analyses don't factor in the psychological aspects of retirement income planning.
March 17, 2023
Here's the Salary Needed to Live in the 12 Most Expensive U.S. Metro AreasLiving comfortably might cost more than you think in these areas.
March 17, 2023
Biden Seeks Tougher Penalties on Executives of Failed BanksThe president calls for clawbacks in the case of mismanagement and asks Congress to address the regional bank failures.
March 17, 2023
First Republic Sinks 33% as Big Bank Rescue Fails to Halt RoutSentiment around the lender remained fragile even after a $30 billion cash injection from Wall Street's biggest banks.
March 16, 2023
UBS, Credit Suisse Oppose Idea of Forced Combination, Sources SayUBS would prefer to focus on its own wealth-centric standalone strategy and is reluctant to take on risks related to Credit Suisse.