Economy & Markets
The important economic and stock market news that advisors need to know.
Yellen Says March Hike ‘Likely Appropriate’ If Progress Persists
By Jeanna Smialek, BloombergThe March 10 jobs report is the "most significant data report" Fed policymakers will have to measure that progress when they meet in mid-March.
March 02, 2017
Why the Market’s Great Expectations for Trump Are OverdoneSpeakers at a BNY Mellon luncheon discuss why markets have priced in too much change too soon.
March 02, 2017
Why Trump Advisor Scaramucci ‘Hates’ DOL Fiduciary RuleAt Pershing advisor meeting, an argument for keeping noncorrelated assets in clients retirement portfolios, and a warning on disinflation.
March 01, 2017
Dow Passes 21,000, Dollar Jumps as Rate Hike LoomsThe major market index surged more than 300 points today and has gained more than 1,000 points since January 25.
March 01, 2017
Buffett Backlash: Fund Execs Criticize Sage’s Grim View of Active InvestingPassive index funds are not necessarily the best investments for all investors at all stages of their lives, some fund professionals argue.
February 28, 2017
Fidelity Cuts Trading Prices, and Schwab FollowsThe two firms have emerged as the industry's lowest cost big brokers.
February 28, 2017
Buffett’s 8 Nuggets of Investing Advice: Berkshire Shareholder Letter 2017The Oracle of Omaha spells out the secrets of his success in his yearly letter to Berkshire Hathaway shareholders.
February 28, 2017
JPMorgan Software Does in Seconds What Took Lawyers 360,000 HoursA learning machine is parsing financial deals that once kept legal teams busy for thousands of hours. And that's just the start for JPMorgan.