Economy & Markets
The important economic and stock market news that advisors need to know.
Betterment Criticizes DOL Decision on Private Equity in 401(k)s
By Bernice NapachIts head of 401(k) products says such investments are too expensive and complicated for 401(k) plans.
July 17, 2020
New PPP Loans Should Include Revenue Test, Mnuchin SaysTreasury and the SBA will also consider forgiveness of small loans under PPP.
July 17, 2020
PCS Retirement Starts Community Cares Fund: Coronavirus Aid RoundupJPMorgan Chase, U.S. Capital Advisors and Citi are among other companies offering COVID-19 relief.
July 17, 2020
Fed Is Setting the Stage for a Major Policy ChangeThe Fed will focus on reducing unemployment and actual, rather than expected, inflation.
July 16, 2020
Expect 'Choppy' Economy for Rest of 2020: ClearBridgeThere's "upside" potential for equities, but too many questions remain unanswered, investment strategist Jeffrey Schulze says.
July 16, 2020
Merrill vs. Morgan Stanley: An Earnings-Season Tale of Two WirehousesAfter a bumpy quarter, the two firms painted very different earnings pictures.
July 16, 2020
Top 12 Most Valuable U.S. Cities for Real EstateLendingTree ranked the cities by total residential real estate value and compared them with GDP of other countries.