Economy & Markets
The important economic and stock market news that advisors need to know.
What Panic? Stocks Are Quickly on Their Way Back to Record Highs
By Sagarika Jaisinghani & Michael MsikaThe S&P 500 has already recovered all of its August decline and is now just 2.2% away from its mid-July record high.
August 16, 2024
Harris Set to Propose Tax Cuts and SubsidiesThe news follows a recent push by Trump running mate JD Vance for a $5,000-per-child tax credit.
August 16, 2024
20 Fastest-Growing Financial Services Firms in the U.S.Companies on Inc.'s list are ranked according to their sales growth from 2020 through 2023.
August 15, 2024
Stocks Rally as Data Show Economy Is Holding UpThe S&P 500 rose about 1.5%. Walmart Inc. — a barometer of growth — jumped on a solid outlook.
August 14, 2024
10 Stock Picks From the Best Fund Managers: MorningstarOne way to pick stocks is to follow the smart money.
August 14, 2024
Social Security COLA Estimate for 2025 Drops to 2.6% as Inflation FallsIn July, the lowest 12-month inflation since 2021 pushed down the projected retirement benefit increase for next year.
August 13, 2024
Fed's Bostic Says More Data Needed, Rate Cut Likely by Year-EndThe Atlanta Fed president wants to be sure the central bank won't have to change course once cuts begin.
August 13, 2024
Goldman, JPMorgan Say Markets Pricing in Higher Recession OddsEquity and bond markets are assigning a 41% probability to a U.S. recession, according to Goldman.