Economy & Markets
The important economic and stock market news that advisors need to know.
Goldman to Cut About 3,200 Jobs This Week
By Sridhar NatarajanMore than a third of those will likely be from within its core trading and banking units, indicating the broad nature of the cuts.
January 05, 2023
Want Rate Cuts? 'Be Careful What You Wish For,' Josh Brown WarnsThe Ritholtz Wealth CEO urges CNBC viewers to think hard about "what the trigger for those rate cuts might be."
January 04, 2023
10 Best Performing Stocks in 2022The biggest gainers were concentrated in one industry, according to Morningstar.
January 04, 2023
Jeremy Siegel: Look for Positive Market Surprises in 2023"I've never seen so much bearishness," he said. "And when everyone's on one side I get very wary."
January 03, 2023
Throw Out Your Old Investing Playbook in 2023: BlackRockInvestors shouldn't assume what worked in the past will work now, like automatically buying the dip, BlackRock says.
January 03, 2023
Are Money Markets and CDs a Good Investment Now? Advisors' AdviceElevated interest rates have more clients asking about these investment and savings vehicles, advisors told us.
January 03, 2023
Pimco Ranks as 2022's Biggest Loser in $6.5T ETF MarketInvestors pulled some $3.6 billion from Pimco and Allianz-branded funds, the biggest cumulative outflow ever for the asset manager.
January 03, 2023
'No Better Time Than Challenging Times' for RIAs: Focus Financial's Rudy AdolfThe firm's growth plans include expanding international revenue to 20% of the total, the Focus CEO tells ThinkAdvisor.