Economy & Markets
The important economic and stock market news that advisors need to know.
Congress Nears Deal on New Stimulus Package
By Melanie WaddellThe package will provide aid for small businesses and hospitals and funds for testing, Treasury Secretary Steven Mnuchin says.
April 17, 2020
Trump Issues 3-Phase Plan to Reopen EconomyThe plan will allow governors to take "a phased and deliberate approach to re-opening their states," Trump said.
April 17, 2020
Vanguard Abruptly Closes Treasury Money Market Fund to New InvestorsIt made the move to preempt further declines in the fund's yield.
April 16, 2020
CARES Act to Cost Under $2 Trillion: CBOThe projected cost of the first stimulus package is less than expected, as some aid consists of loan guarantees, a report says.
April 16, 2020
Most Small Businesses Couldn't Survive a 6-Month Shutdown: StudyAnd nearly 30% said they couldn't survive a month-long closure, according to an NBER study.
April 16, 2020
XY Planning Network Offers Virtual InternshipsThe program is intended to help CFP students whose internships were canceled as a result of the coronavirus crisis.
April 16, 2020
Schwab's Kleintop: Economy Still in 'Freefall' Despite a Few Promising SignsCaution still "makes a lot of sense" when it comes to making investments, he says.
April 16, 2020
How Fed Intervention Has Saved, but Distorted, the Bond MarketStrategists weigh in on the challenges created for investors.