Economy & Markets
The important economic and stock market news that advisors need to know.
17 Top Financial Services M&A Deals of 2021
By Janet LevauxM&A action involved BDs like LPL and Raymond James and asset managers like BlackRock, Vanguard and State Street.
November 19, 2021
What's in the House-Passed Tax and Spending Bill Backed by BidenChanges include levies on high earners, the SALT deduction, a cap on IRAs, IRS enforcement and the childcare tax credit.
November 19, 2021
House Passes Biden's Economic Plan, With Senate Fate UncertainThe Senate is not on board with a provision lifting the $10,000 cap on federal deductions of state and local taxes to $80,000.
November 18, 2021
S&P Dow Jones' Newest Stock Indexes Are Based on Positive TweetsTwo new S&P 500 indexes overweight stocks with high sentiment scores, measured from tweets with cashtags on Twitter.
November 18, 2021
Robinhood, Citadel Win Dismissal of Meme-Stock LawsuitRetail investors had accused the firms of colluding during January's meme-stock frenzy.
November 17, 2021
SEC Moves to Reverse Trump-Era Restrictions on Proxy Advisory FirmsThe plan would end requirements that proxy advisory firms share recommendations with executives and shareholders.
November 17, 2021
World's 16 Biggest Wealth Management Firms by Advisor Headcount: 2021Here are the wirehouses, BDs and other firms who report having the most advisors, according to Aite-Novarica Group.
November 17, 2021
10 Countries Where Average Worker Is Furthest From Top 1%Researchers studied how may years of an average salary it would take to match the wealth of their country's elite.