Economy & Markets
The important economic and stock market news that advisors need to know.
Wells Fargo's Pass Looks a Little Like a Fail
By Stephen GandelIf this year's bank stress tests were graded on curve, Wells Fargo would be at the bottom.
June 21, 2018
Trump Calls for Combining Education, Labor Departments in RevampOMB Director Mick Mulvaney supports the plan, which also calls for moving food stamps and possibly privatizing the Postal Service.
June 20, 2018
Growing Chorus on Wall Street Says End of Bull Market Is NearThe current quarter may be as good as it gets, market watchers say, discussing how portfolios should be positioned.
June 19, 2018
House GOP 2019 Budget Takes a Swing at Social Security, MedicareThe budget also invokes parts of the Financial Choice Act.
June 19, 2018
Paul Tudor Jones Says Next US Recession Will Be 'Frightening'The legendary trader says society will have to rethink the definition of capitalism and changes will have to come through business.
June 19, 2018
House GOP's 2019 Budget Plan Includes Partial Privatization of MedicareThe proposal fast-tracks at least $302 billion in spending cuts over 10 years, including repeal of the Affordable Care Act.
June 19, 2018
Trump Nominates House Panel Economist Falaschetti to Head OFRTreasury's OFR, created by former President Obama, faces potential budget and staffing cuts under President Trump.
June 19, 2018
The $3 Trillion Thumb on the Bond-Market ScaleManagers of the huge retirement funds appear to be in the midst of a big shift into bonds.