Economy & Markets
The important economic and stock market news that advisors need to know.
Goldman CEO Sees Recession Risk, 'Extremely Punitive' Inflation
By Sonali BasakHe cited at least a 30% chance of such an event in the next 12 to 24 months as calculated by his firm's economists.
May 17, 2022
Gasoline Tops $4 a Gallon in Every State for the First TimeThe average household will likely spend about $450 more on an inflation-adjusted basis for gasoline this year compared with last year.
May 17, 2022
Pimco Sees $14B in Outflows Amid Bond SelloffOutside clients pulled money for the first time since the pandemic's start as investors fled fixed income securities.
May 16, 2022
Finding Opportunity in Stocks as Multiples ShrinkNow is the time to take advantage of lower valuations: Find high-quality companies on sale.
May 16, 2022
15 Highest-Paid CEOs in Financial Services: WSJSeveral BD and wirehouse CEOs made this list.
May 16, 2022
Stocks Flip Higher in Seesaw Session; Bonds GainThe risk of an economic downturn amid price pressures and rising borrowing costs remains the major worry for markets.
May 16, 2022
Goldman's Blankfein Says U.S. at 'Very, Very High Risk' of RecessionHis made the remarks Sunday, when the firm's economists cut their growth forecasts for this year and next to reflect the market shake-out.
May 13, 2022
11 Good Stocks That Are Cheap Now: MorningstarMany stocks with big competitive advantages are taking a bigger hit than the broader market, Morningstar reports.