Economy & Markets
The important economic and stock market news that advisors need to know.
10 Worst U.S. Cities to Build Wealth
By Emily ZulzBankrate finds that a citys overall wealth does not mean the average household has the tools it needs to get ahead financially.
October 26, 2016
Schwab’s Bettinger Comments Candidly on Robos, Scottrade, BreakawaysCEO says standalone robos will fade away and that Schwab passed on Scottrade deal because of the online brokers transaction-heavy revenue mix.
October 26, 2016
Ameriprise Misses Estimates, Posts DOL-Related Costs: Q3 EarningsIts reps now have average fees and commissions of $511,000, which is down 1% from last year.
October 26, 2016
Ian Bremmer: We’re in a Geopolitical Recession; That’s Not the Biggest ProblemThe economist tells Schwab Impact attendees that the more serious problem facing the developed world is the de-legitimization of our leaders.
October 26, 2016
On the Ballot: Key State and Local Tax ProposalsIn several states, Election Day will mean more than choosing a president, it will involve voting on initiatives to increase state or local taxes.
October 25, 2016
Valliere: Zero Chance of Tax Hike if GOP Retain HouseA President Clinton would have an innocuous effect over all on the markets, though positive for defense stocks; negative on pharma.
October 25, 2016
Top 20 CEOs of 2016: Harvard Business ReviewEvery year HBR ranks the top 100 CEOs based on their companies performance. ThinkAdvisor focuses on the top 20 CEOs.
October 25, 2016
Kansas Ends Bad Economic News by Not Reporting ItThe Kansas governor canceled a report meant to measure the economic growth results of his likely failed tax cutting strategy.