Economy & Markets
The important economic and stock market news that advisors need to know.
Bad News for Energy Bulls: Slowing Demand and Increasing Supply
By Ginger SzalaThe International Energy Agency says demand for oil is slowing more than expected while OPEC has produced near record supply.
September 16, 2016
Despite Weakening Art Market, These 4 Areas Show StrengthSales at Christies fell sharply in the first half of 2016 compared to a year ago, but certain areas of the market are showing strength.
September 16, 2016
Harvard Study: Political Dysfunction Threatens U.S. EconomyOnce the envy of many nations, the U.S. political system has become our greatest liability, three Harvard business professors say in a new study.
September 16, 2016
Betterment Played Favorites With Clients After Brexit Vote: Massachusetts RegulatorThe regulator is unhappy with the unequal treatment of Betterments retail and institutional clients during the firms trading halt following Brexit.
September 15, 2016
U.K. Official: No Brexit Negotiations This Year; U.S. Groups Want Transition PeriodA British official overseeing trade policy told a SIFMA symposium that the U.K. will definitely not begin the process of exiting the EU before year end.
September 15, 2016
Ignore These 7 Climate Change Factors at Your Portfolio’s Peril: BlackRockFinancial advisors should add climate change to the list of factors they consider when thinking about portfolio risks, said BlackRocks Richard Turnhill.
September 15, 2016
Elizabeth Warren Has Five More Bad IdeasSome of Warren's ideas could have consequences counter to what she says her goals are: helping workers, raising incomes and ensuring the system is fair.
September 14, 2016
PIMCO Accuses Bill Gross of Leaking Confidential Bonus RecordsPIMCO escalated its court battle with Bill Gross by claiming he may have destroyed documents and leaked confidential pay information to the media.