Economy & Markets
The important economic and stock market news that advisors need to know.
15 Cheapest Cities for Millennial Homebuyers
By Michael S. FischerA real estate search portal took a look at housing affordability versus the median salaries of 25- to 40-year-olds.
October 14, 2020
Wells Fargo Makes 'Sizable' Cuts to Advisor ForceThe firm's advisor headcount is down 14% from fall 2016, when the fake-accounts scandal broke.
October 14, 2020
Senate to Vote Monday on Stimulus, PPP Funding: McConnellPassing a stimulus bill could give President Donald Trump "a badly needed victory," says Greg Valliere.
October 14, 2020
UnitedHealth Sees Health Care Use Springing Back UpBut enrollment in commercial coverage is down 5.3%, year-over-year.
October 14, 2020
Is JPMorgan Buying Waddell & Reed?Rumors are circulating after last week's news about Morgan Stanley buying Eaton Vance.
October 14, 2020
Black, Latino Investors More Bearish Than Whites: FINRABut their interest in investing has increased since the start of the pandemic, FINRA says.
October 14, 2020
Wharton: How Trump Plan to Cut Capital Gains Taxes Would Affect TaxpayersThe Penn Wharton Budget Model calculated the cost of cutting capital gains and dividend taxes on top earners.
October 14, 2020
Here's How Advisors Should Position Portfolios Now: BlackRockBlackRock analyzed 20,000 advisors' investment models and gave three recommendations for repositioning.