Economy & Markets
The important economic and stock market news that advisors need to know.
12 States Where It Takes the Most Income to Be in the Top 1%
By Michael S. FischerWhile economic conditions vary, it takes $731,492 on average to be part of this elite group, SmartAsset reports.
July 23, 2025
12 States With the Highest Life Insurance Premium Spending per AdultHigh-ranking states may have a quiet force promoting economic stability for families.
July 22, 2025
AI Will Be Ready to Manage Money in 5 Years: MITAI could also evolve to meet one of finance’s highest bars: the fiduciary standard, says Andrew Lo.
July 21, 2025
Trump Tax Law to Add $3.4T to Deficits: CBOThe figure reflects a $4.5 trillion drop in revenues and a $1.1 trillion decline in spending through 2034.
July 18, 2025
T. Rowe Price Cuts Jobs Across the Firm After Years of OutflowsThe firm's clients pulled about $43 billlion from its funds in 2024, for instance.
July 16, 2025
Treasurys, Dollar Whipsawed by Reports on Trump’s Plan for Fed"Just threatening to 'fire' him is a bad precedent. It sends a bad message to the market," said Schwab's Kathy Jones.
July 16, 2025
Trump Denies Plan to Axe Powell After Floating Idea to LawmakersHe said Wednesday: "I don’t rule out anything, but I think it’s highly unlikely, unless he has to leave for fraud."
July 16, 2025
Trump Likely to Fire Powell Soon, White House Official SaysIn doing so, Trump would test the legal bounds of his authority over the central bank and independent agencies.