Economy & Markets
The important economic and stock market news that advisors need to know.
Trump Nominates a Top Bank Regulator as Biden Starts Transition
By Jesse HamiltonSenate Banking Committee Chair Mike Crapo has signaled Brian Brooks would get a confirmation hearing for a five-year term leading the Office of the Comptroller of the Currency.
November 25, 2020
12 Best States for the Middle ClassSmartAsset rates the states on factors such as homeownership, job growth and income levels.
November 25, 2020
What 5 Past Economic Shocks Mean for the Post-COVID WorldMorningstar analyst looks at how habits evolve and can lead to lasting changes in consumer behavior.
November 25, 2020
How Biden's Team Could Support Sustainable InvestingTwo senior Morningstar researchers discuss the likelihood that the next administration will reverse some of Trump's regulatory policies.
November 24, 2020
Ellevest Gets $7.5M Investment From Allianz LifeFunds will help the digital-advice platform for women expand its business, say CEO Sallie Krawcheck and other executives.
November 24, 2020
BNY Mellon Trust Indicator Posts 4.9% Return in Q3Robust equity markets drive positive performance for all plan types in the U.S. Master Trust Universe during the quarter.
November 24, 2020
U.S. Economic Recovery Fades as Infections Rise: Moody's AnalyticsThe recovery is at risk "if policymakers are not able or willing to produce additional timely monetary and fiscal support," says Chief Economist Mark Zandi.
November 23, 2020
BlackRock to Buy SMA, Custom Index Shop for $1.05BThe news comes about six weeks after Morgan Stanley agreed to buy Eaton Vance — which includes direct indexer Parametric.