Economy & Markets
The important economic and stock market news that advisors need to know.
Worried about the U.S. presidential election? You’re not alone
By Warren S. HerschThe November vote notwithstanding, CFOs and finance professionals are confident about the economic outlook, largely due to their faith in an anticipated Federal Reserve interest rate hike.
October 18, 2016
‘Huge’ Wealth Transfer in Sight: UBS, PwC ReportIn the U.S. alone, about $1.1 trillion will transfer to the next generation over a period of 20 years, the report estimates.
October 18, 2016
Investors’ Cash Level Highest Since Brexit, 9/11: BofA Merrill SurveyWhats making investors so risk averse? Investors are bearish, with fears of an EU breakup, a bond crash and election results, says BofAs Michael Hartnett.
October 18, 2016
Tiny Social Security COLA to Pinch Seniors as Medicare Costs SurgePayments could rise just $5 a month in 17 versus the $150 seniors have lost with low inflation, says one group.
October 18, 2016
AIG to sell Chile, Turkey units to Fairfax as CEO narrows focusFairfax will also acquire renewal rights on the portfolio of business written by AIGs Central and Eastern European operations in countries including Poland.
October 17, 2016
BofA Wealth Profits Jump 10%: Q3 EarningsThe unit is set to have a new leader in 2017, when it will no longer offer commission-based retirement accounts.
October 17, 2016
Fed’s Fischer Makes Case for Fiscal Policy to Boost GrowthThe vice chair of the Fed said a combination of private investment, infrastructure spending and effective regulation are likely to promote growth.
October 17, 2016
3 Potential ‘Black Swans’ to Watch For: 3EDGEThe markets today are even more susceptible to black swan events than before, according to 3EDGEs president Stephen Cucchiaro.