Economy & Markets
The important economic and stock market news that advisors need to know.
Trump Budget ‘Not a Budget,’ Think Tank Says
By Melanie WaddellTrump's first "skinny" budget is even skinnier than many past presidents'.
March 15, 2017
Fed Appoints First Black Regional-Bank ChiefEx-Obama administration official Raphael Bostic will lead the Atlanta Fed and will be a voting member of FOMC next year.
March 14, 2017
5 Ways Big Investors Are Challenging Traditional Investment StrategiesA Natixis survey of 500 institutional investors finds that institutions may be second-guessing the efficacy of long-standing portfolio strategies.
March 13, 2017
CBO: GOP Health Bill Would Cut $337B From Deficit, Add 24M to UninsuredThe number of uninsured Americans would rise 86% over the next 10 years under the bill, the budget office predicts.
March 13, 2017
Raymond James to Join S&P 500The broker-dealer's market capitalization has risen above $10 billion.
March 13, 2017
Dartmouth Taps Wealth Manager Ruth to Run $4.5 Billion EndowmentAlice Ruth was investing chief at Willett Advisors in New York; CIO Pamela Peedin is stepping down in April after six years.
March 13, 2017
Wall Street Has Found Its Next Big Short in U.S. Credit MarketStruggling retailers such as Macys are fueling mall defaults; investors are betting against commercial mortgage-backed debt.
March 13, 2017
VanEck Launches the First U.S.-Listed Green Bond ETF: Portfolio ProductsIn other product news, Morgan Stanley launched two sustainable investing portfolios.