Economy & Markets
The important economic and stock market news that advisors need to know.
Goldman's Job Cuts Are Coming Next Month: CEO
By Sridhar NatarajanThe firm may seek to eliminate as much as 8% of its workforce, or up to 4,000 jobs, to contain a slump in profit and revenue.
December 28, 2022
5 Battered Stocks to Watch in 2023With rising interest rates, more budget-conscious consumers and a sagging stock market, these equities have been having a tough time.
December 28, 2022
Is It Time for a Retirement Portfolio Reset?When prices rebound, retirement-focused investors will have big decisions to make, Morningstar's Christine Benz says.
December 27, 2022
Burton Malkiel: The Unsexy Secret to Building WealthRobo-advisors have some advantages on their human counterparts, the famed economist and Wealthfront CIO tells ThinkAdvisor.
December 27, 2022
Wall Street's Big Banks Score $1T of Profit in a DecadeWhile much attention focused on Silicon Valley's riches, banks like JPMorgan, BofA, Wells Fargo and others were gaining momentum.
December 27, 2022
Finance's Biggest Winners, Losers in Washington in 2022From crypto busts and scandals to the bursting of the SPAC bubble, this year was a wild time in the world of finance and for regulators.
December 23, 2022
House Passes Secure 2.0 Act in $1.7T Spending BillThe House passed by a 225-201 vote Friday afternoon the omnibus spending bill, which includes the sweeping retirement package.
December 22, 2022
Financial Advisors Predict Stronger Stocks in 2023Nearly half of financial advisors in a survey sponsored by InspereX expect the stock market to improve next year.