Economy & Markets
The important economic and stock market news that advisors need to know.
Big Job Cuts in Financial Services May Just Be Getting Started
By Paul J. DaviesNext year, the reductions could accelerate if markets stay choppy, investors cautious and corporations wary of investing or doing deals.
December 06, 2022
The 10 Most Regretted College MajorsOverall, 44% of job seekers wish they'd chosen a different major, a recruiting site found.
December 06, 2022
Morgan Stanley to Cut About 2,000 JobsGoldman Sachs and Bank of America executives warned of hiring slowdowns on Tuesday, citing the uncertain economic outlook.
December 06, 2022
Goldman CEO Sounds Warning on Job Cuts, PayAssuming "bumpy times ahead ... ," said David Solomon, the investment firm might have to do some "pruning in certain areas."
December 05, 2022
The World's 17 Youngest BillionairesWe combed through Forbes' real-time ranking of the world's wealthiest people to find the youngest billionaires.
December 05, 2022
Are Advisors Underestimating Their Clients' Retirement Anxiety?A survey finds investors reporting high anxiety but only 23% of advisors saying their retirement clients are "very anxious."
December 05, 2022
Jeremy Siegel: Fed Trying to 'Crush' Wages to Fight Inflation"Workers are trying to catch up and they're not," the Wharton professor said.
December 05, 2022
Stock Strategist Says We'll See 5% Inflation for the Next DecadeThe key factors that historically made it easy to achieve 2% yearly inflation are gone, explains StoneX Financial's Vincent Deluard.