Economy & Markets
The important economic and stock market news that advisors need to know.
Will the Solar Eclipse Darken Financial Markets, Too?
By Danielle AndrusResearch shows daylight saving time can impact the markets, but the potential impact of an eclipse is less clear.
August 10, 2017
Wells Fargo Chair Likely to Step Down: ReportVice Chair Elizabeth Duke will probably be the replacement, paper reports; the decision follows new revelations about auto loan business.
August 10, 2017
NY Fed President Sees Moderate Growth and Higher Inflation AheadWilliam Dudley said inflation is moving toward the Fed's 2% target and modest wage growth is likely due to sluggish productivity growth.
August 10, 2017
ETF Bubble? Nope, Says Schwab’s KleintopSince the low in 2009, ETFs that invest in stocks have seen assets rise about 500% not enough for a bubble watch.
August 09, 2017
Public Pensions Up 12.4% Return Most in 3 Years as Equities SoarStrong returns on stocks and alternative investments made up for low returns on bonds.
August 09, 2017
Executive Changes Underway at Janus HendersonAmong those leaving the firm formed from "a merger of equals" are its chief operating and strategy officer and global head of fixed income.
August 08, 2017
Boomers Who Refuse to Sell Are Dominating the Housing MarketOlder Americans own half of houses, squeezing out youngsters; why one 23-year-old cruises streets and knocks on doors
August 08, 2017
Buffett Nears a Milestone He Doesn't Want: $100B in CashWhile that figure highlights the staggering moneymaking ability of the businesses hes collected over the years, its also a burden.