Economy & Markets
The important economic and stock market news that advisors need to know.
What Happens When Tesla Joins the S&P 500?
By Bernice NapachThe stock closed at $695 Friday, boosting its CEO's fortune by $9 billion. It joins the index Monday and may raise the S&P's volatility.
December 17, 2020
Raymond James to Buy Boutique Investment BankThe firm seeks to capitalize on "significant shifts" taking place in the consumer and retail industries, says its investment banking chief.
December 16, 2020
6 Economic Predictions for 2021: Northern TrustChief Investment Officer Bob Browne explains his take on the U.S. economy and political scene and how markets will respond.
December 16, 2020
David Blanchett's 6 Predictions for Retirement Planning in 2021After a doozy of a year, here's what a "new normal" might look like on the retirement income front.
December 16, 2020
Ameriprise, Others Eyeing Wells Fargo Asset ManagementThe asset management division could fetch more than $3 billion, people familiar with the matter said.
December 15, 2020
Vanguard Total Stock Market Index Fund Becomes World's Only Trillion-Dollar Stock FundAssets of the fund, which has both a mutual fund and an ETF share class, reached $1.035 trillion as of Nov. 30.
December 15, 2020
BlackRock, Morningstar Broaden Style Indexes for U.S. StocksWhen Morningstar enhances its equity style indexes, BlackRock's iShares ETFs based on Morningstar indexes will follow.
December 15, 2020
Gundlach to Co-Manage New FundThe DoubleLine Multi-Asset Trend Fund will seek to match the performance of the BNP Paribas Multi-Asset Trend Index.