Economy & Markets
The important economic and stock market news that advisors need to know.
Senate Passes $2.3T Package of Relief, Funding and Tax Breaks
By Erik Wasson, Laura Litvan and Billy HouseThe move follows passage in the House; President Trump is expected to sign the bill this week.
December 21, 2020
15 Most Expensive Small Towns in the U.S.The average of median home prices across 50 towns is $271,224 vs. $269,180 in the nation's 50 largest cities, LendingTree research finds.
December 20, 2020
Schwab's Sonders, Kleintop Predict Weak Start for Economy in 2021A lot of good news is priced into markets, they warn, but they see growth rebounding in the second half of the year.
December 20, 2020
Congress Strikes $900B Stimulus DealThe package includes a new round of jobless payments and $284 billion for small businesses via the Paycheck Protection Program.
December 18, 2020
Tesla Entering S&P 500 at Record HighCarmaker's stock closed at $695 Friday; its market-cap of some $660 billion makes it the largest company ever added to the stock benchmark.
December 18, 2020
5 States With the Biggest Q3 Drops in Personal IncomePersonal income fell in every state in the quarter ended Sept. 30, according to the Commerce Department.
December 18, 2020
11 Reasons Advisors Should Rethink BitcoinAs Bitcoin's price approaches 24,000, cryptocurrency is fast becoming a favored alternative investment among some well-known investors.
December 18, 2020
Group Lacks Authority to Deal With Loan Risks: GAOU.S. life insurers own about $129 billion of $611 billion now held in collateralized loan obligations.