Economy & Markets
The important economic and stock market news that advisors need to know.
Vanguard Execs Have Some Words of Wisdom for Advisors
By Bernice NapachCEO Tim Buckley and Advisor Services head Tom Rampulla discuss the COVID-era realities advisors are facing.
July 31, 2020
Wells Fargo Sold Assets to Remain Under Fed Asset Cap: ReportThe bank took the measure as customers borrowed billions on credit lines due to fallout from the COVID-19 pandemic.
July 31, 2020
New York Fed: Gap Year From College Could Have Lifelong CostsMeanwhile, the direct and indirect costs of attending college right now are relatively low, analysts find.
July 31, 2020
Americans' Financial Satisfaction Drops to 5-Year Low: AICPAThe index was weighed down by employment concerns and CPAs' gloomy business outlook.
July 30, 2020
Senate GOP Floats $1,000 Checks, Blocks Vote on Democratic Aid BillThe bill provides the same size payments to adults and children.
July 29, 2020
Fed Affirms Commitment to Support a Faltering EconomyBut policymakers stressed that the path "will depend significantly on the course of the virus."
July 29, 2020
Vanguard to Merge Active Value Fund Into Larger Passive FundIf shareholders approve, the Vanguard U.S. Value Fund will merge into the Vanguard Value Index Fund.
July 29, 2020
Fed Extends Lending Facilities Through Year-EndMany of them were due to expire at the end of September.