Economy & Markets
The important economic and stock market news that advisors need to know.
Think Tank Cuts Revenue Forecast for Biden's Tax Plan
By Melanie WaddellBiden's tax proposals would raise about $2.1 trillion, not $2.4 trillion, over the next 10 years, the Tax Policy Center said.
November 09, 2020
Vanguard Sent Wrong Data to InvestorsThe information pertained to projected, not actual, earnings for several money market funds.
November 09, 2020
TrueMark Expands Structured Outcome ETF Offerings: Portfolio ProductsAlso, the UBS Global Wealth Management SMA platform adds Invesco fixed income strategies.
November 09, 2020
Schwab vs. Fidelity: Who's Winning the Robo Race?They're among the few giant firms that have operated robo-advisor platforms for several years, but their performance is far different.
November 07, 2020
Biden Wins U.S. Presidency After Bitter Contest With TrumpIf Republicans hold the Senate, Biden's plans for tax hikes on the wealthy and corporations could be stymied.
November 06, 2020
Ex-Regulator, Banker Advising Biden on Wall StreetFormer CFTC Chair Gary Gensler and KeyBank NA executive Don Graves are reportedly part of Joe Biden's presidential transition team.
November 06, 2020
How a Divided Government Post-Election Benefits the Stock MarketUBS strategists offer their outlooks based on a Biden administration and a Republican Senate.
November 06, 2020
Fidelity Hiring for Digital Assets PlatformThe news comes three weeks after the industry giant said it wants to fill some 4,000 new client-facing positions.