Economy & Markets
The important economic and stock market news that advisors need to know.
Bill Gross: Don't Expect 3 to 4 Fed Hikes This Year
By Bernice NapachThe U.S. economy and others are "too highly leveraged" to tolerate a federal funds rate above 2% when inflation is near 2%, he says.
March 21, 2018
UBS to Pay $230 Million to N.Y. State in Mortgage Securities ProbeUBS sold RMBS backed by loans that didn't comply with its own underwriting guidelines, the AG's office found.
March 20, 2018
Congress Stalled on $1.2 Trillion Spending Bill as Shutdown Clock TicksThe deadline to avoid a government shutdown is Friday midnight.
March 20, 2018
PE Funds Challenged to Deliver Healthy Returns in 'Frothy' Environment: BainFunds have ample money to spend, but too few attractive investment targets.
March 20, 2018
Kudlow's Strong Dollar Is Easier Said Than DoneCurrencies don't always do what politicians or economists would like them to.
March 19, 2018
Goldman Warns Returns Are Dropping Fast Amid Volatility ShiftJPMorgan Chase & Co. and HSBC Holdings have also warned investors to be more cautious about continued stock market gains.
March 19, 2018
Morningstar's February Winners & LosersMorningstar medalists currently account for approximately 6% of unique mutual funds available for sale.
March 19, 2018
The Danger of Obsessing Over Short-Term Portfolio PerformancePerformance chasing can shortchange client portfolios over the long run.