Economy & Markets
The important economic and stock market news that advisors need to know.
Buffett: Small Businesses Are Facing 'Economic War'
By Ginger SzalaThe Oracle of Omaha says the nation "owes it" to millions of small businesses to renew the PPP and "get us to the end of the tunnel."
December 13, 2020
State Street, UBS in Discussions About Merging Asset Management Units: ReportThe talks started this year, and the two parties were near an agreement this summer, sources told The Wall Street Journal.
December 11, 2020
Businesses Need Stimulus, Quickly: SurveyMore than half of executives in an AICPA survey said their businesses would be hurt if more aid doesn't come soon.
December 11, 2020
11 Findings on How Millions of Americans Actually Invest: VanguardVanguard analyzed detailed data on the portfolio construction and trading behavior of some 5 million households.
December 11, 2020
How Did Advisor Portfolios Perform After COVID-19 Hit? Very Well, Says InvescoThe firm's study of several hundred portfolios found that many advisors shifted allocations to investments that outperformed.
December 10, 2020
SIFMA Looks Ahead at Markets, Regulation for 2021U.S. capital markets thrived this year despite the pandemic, which also accelerated trends that could continue in 2021.
December 10, 2020
State Street Ending No-Layoff Pledge in 2021Its pledge not to cut jobs because of the pandemic "will go away" next year, says CEO Ron O'Hanley.
December 10, 2020
Fitch: Ultralow Interest Rates Will Outlast PandemicThat's a negative for financial institutions, the ratings agency says.