Economy & Markets
The important economic and stock market news that advisors need to know.
Berkshire Shares Dip 3% After $3 Kraft Heinz Hit
By Alexandre RajbhandariOn Saturday, Berkshire posted a 3.8% drop in profits, partly due to softer underwriting gains at its insurance unit.
August 03, 2025
Trump Fires Data Chief, Gets Chance to Tilt FedThe president got some bad economic news Friday and responded by ousting the messenger.
August 01, 2025
Trump Moves to Fire Labor Statistics Head After Weak Jobs Data"I have directed my Team to fire this Biden Political Appointee, IMMEDIATELY," Trump said on social media Friday.
August 01, 2025
Treasurys Soar as Slower Job Growth Boosts Fed Rate-Cut BetsTraders fully priced in two rate cuts this year, with an 80% chance of a reduction at the next meeting in September.
July 30, 2025
AllianceBernstein to Convert Bond, Muni Mutual Funds to New ETFsThe core bond ETF will invest in corporate bonds, while the muni ETFs will focus on California and New York securities.
July 30, 2025
Crypto Firms Adopt Wall Street’s TacticsPublic firms are lending their coins, locking them up for rewards or selling options to milk income from idle holdings.
July 30, 2025
Fed Holds Interest Rates, Points to Slowing Economic ActivityThe decision defies intense pressure from President Trump to cut rates. There were two dissents.
July 30, 2025
12 Countries With the Most Millionaires: 2025The United States minted more than 1,000 millionaires a day in 2024, UBS' Global Wealth Report finds.