Economy & Markets
The important economic and stock market news that advisors need to know.
Fed Expands Main Street Lending Program
By Bernice NapachBoth bigger and smaller companies will be able to participate under the latest expansion.
April 30, 2020
10 Worst Cities for Virus-Related UnemploymentWalletHub ranked 180 cities based on the change in the jobless rate from a year ago.
April 29, 2020
Raymond James' Profits Fall 35% on COVID-19 IssuesPrivate client pretax income, though, rose 29% in the period ending March 31.
April 29, 2020
FINRA Provides Fixed Income, Funding Portal Relief in Light of COVID-19Funding portals registered with FINRA will be allowed to spread out payment of their gross income assessment.
April 29, 2020
Fed Repeats Commitment to Do Whatever It TakesChairman Powell suggests that Congress in particular may have to do more to support the economy.
April 29, 2020
10 Most Painful Stock Market Crashes of All Time: MorningstarToday's coronavirus-fueled stock market turmoil may not even make a dent compared to these crashes.
April 29, 2020
U.S. Economy Shrinks at 4.8% Pace, Signaling Start of RecessionIt's the first quarterly economic contraction since 2014 and the biggest since 2008.
April 28, 2020
How the Fed's Expanded Support Can Help the Muni MarketAnalysts warn, however, that downgrades and negative outlooks could nevertheless increase.