Economy & Markets
The important economic and stock market news that advisors need to know.
Boosting Social Security Payments Tops Biden's Economic Priorities
By Melanie WaddellSolving the public health crisis posed by the pandemic, Biden said, "is the surest way to get the economy back on track."
July 09, 2020
Goldman Sachs and Vanguard Launch New Bond ETFsThe Goldman product focuses on shorter term investment-grade bonds; Vanguard's on ESG criteria.
July 09, 2020
Wells Fargo Readying Thousands of Job Cuts to Start in 2020Tens of thousands of positions could ultimately be eliminated; the move may test vows by other banks to keep staff amid the pandemic.
July 09, 2020
Pandemic a Mere 'Hiccup' for RIA Dealmakers: TD AmeritradeM&A activity set a record in the first half of 2020 despite COVID-19, TD Ameritrade Institutional reported.
July 09, 2020
PPP 'Pig-Out' Complicates New Stimulus Bill's Timing: ValliereThe news that billions of dollars have flowed to well-connected firms that don't need money has "embarrassed Congress," he says.
July 08, 2020
SEC Committee Meeting to Focus on Diversity in Asset ManagementThe Asset Management Advisory Committee meeting is set for July 16.
July 08, 2020
7 Steps to Give Portfolios a Midyear CheckupMorningstar's Christine Benz provides insights on how to give client retirement savings a review.
July 08, 2020
Vanguard, iShares ETFs Stand Out in June, While Schwab Sees More OutflowsMarket volatility remains "a boon for firms like State Street and ProShares," says Morningstar's Ben Johnson.