Economy & Markets
The important economic and stock market news that advisors need to know.
Repeal SALT Cap, Raise Corporate Tax: Bloink & Byrnes Go Thumb to Thumb
By William H. Byrnes | Robert BloinkDemocrats have proposed increasing the corporate tax rate in order to offset a repeal of the controversial deduction cap.
January 16, 2019
Fiserv to Buy First Data for $22B, Forming Payments GiantThe deal, one of the biggest financial mergers in a decade, will create the world's largest payment processor amid a wave of consolidation in that industry, which faces threats from startups like Square.
January 16, 2019
What's Worrying JPMorgan's Dimon? Bad PolicyDimon stressed the need for more compromise in government during a conversation at the Economic Club of New York.
January 16, 2019
Fund Managers' Outlook for Growth and Profits Is Bleak: MerrillGlobal fund managers expect near-term secular stagnation, not recession.
January 16, 2019
Sen. Warren Probes Wells Fargo, BofA on Shutdown Assistance PlansWarren pressed the CEOs of big banks to provide details "on exactly which services they will be providing."
January 16, 2019
BofA's Wealth Unit Boosts Profits 43%: Q4 EarningsMerrill Lynch chief Andy Sieg says it intends to stay in the broker protocol for recruiting and stay out of the independent channel.
January 16, 2019
How Millennial Homebuyers Approach the Housing MarketMillennials want to become homeowners but have different values, expectations and methods than older buyers, a survey finds.
January 16, 2019
Citigroup Reveals Female Employees Earn 29% Less Than Men DoWomen are about half of the bank's workforce but just 37% of management.