Economy & Markets
The important economic and stock market news that advisors need to know.
How Much Did the Shutdown Cost the Economy?
By Bernice NapachThe CBO says $11 billion; S&P Global Ratings, at least $6 billion, and there are fears of another shutdown in a few weeks.
January 25, 2019
Trump Agrees to End Shutdown for 3 Weeks With No Wall MoneyThe president said he may shut down the government again if he and Congress can't reach a deal.
January 25, 2019
UBS Wealth Said to Plan Bonus Cuts of Up to 20%The banks is expected to tamp down expectations in Asia and Europe; volatile markets pushed rich investors to the sidelines.
January 25, 2019
Goldman, Morgan Stanley Ask to Cancel Trades After $41B Flash CrashThose who sold lost $9 million in minutes, calculations show; Jardine Matheson briefly lost $41 billion of market value.
January 25, 2019
US Equities Enduring a Pullback, Not a CrashWe believe U.S. stock market turmoil will be relatively short-lived.
January 25, 2019
Investors Didn't Rush to Safety During Volatile December: State StreetState Street analyzed fixed income flow data to capture behavioral trends across tens of thousands of bond portfolios in a new report.
January 24, 2019
10 Worst Jobs of the FutureThese rankings represent jobs that pay little at present and are expected to shed positions in the future, according to Kiplinger.
January 24, 2019
Personal Financial Satisfaction Dips Due to Market Volatility: AICPAThis is only the fourth decline in the CPA group's satisfaction index since the third quarter of 2011.