Economy & Markets
The important economic and stock market news that advisors need to know.
Wells Fargo Drops CEO Pay to $20M
By Janet LevauxThis puts Charlie Scharf's compensation behind that of Morgan Stanley's James Gorman but ahead of Goldman's David Solomon.
February 01, 2021
States Move to Probe GameStop Trading, Brokerage IssuesTexas Attorney General Ken Paxton issues civil investigative demands to Robinhood, Interactive Brokers, TD Ameritrade, E-Trade and other firms.
February 01, 2021
Robinhood, Other Brokerages Update Trading Limits as Platform Glitches ContinueTD Ameritrade still had some trading restrictions in place Monday, including on AMC and GameStop stock, according to its website.
February 01, 2021
How Ace Stock Picker John Buckingham Reacted to GameStop SqueezeThe longtime value investor tells ThinkAdvisor some of his 2021 stock picks and discusses why he's optimistic now.
February 01, 2021
Lawmakers to Hold Hearings on GameStop TradingSen. Warren wants SEC's Lee to answer questions by Friday; the GameStop incident could speed Gensler's confirmation as SEC chair.
February 01, 2021
State Street to Liquidate 10 ETFs: Portfolio ProductsAlso, SEI has introduced core direct indexing strategies for advisors.
January 29, 2021
El-Erian Raises Concerns About GameStop 'Contagion' as Stocks DipMohamed El-Erian of Allianz says he is "troubled" by the stock's run-up "because it is enabled by very distorted financial conditions."
January 29, 2021
Your Client Wants to Buy GameStop. What Do You Say?Advisors need to be a sobering, stabilizing influence when market mania gets out of hand.