Economy & Markets
The important economic and stock market news that advisors need to know.
Pension Spending Shows Big Impact on Economy: NIRS Report
By Michael S. FischerIn 2014, retiree spending of pension benefits generated $1.2 trillion in total economic output, supporting 7.1 million jobs, according to the report.
September 14, 2016
Betterment Renames, Restructures Its Advisor PlatformBetterment Institutional becomes Betterment for Advisors and will offer ETFs from Vanguard and ETFs from Goldman Sachs.
September 13, 2016
Has the Bond Market Peaked?The broad strengthening this year in the bond market doesnt normally happen, and the market will recalibrate at some point, Schwabs Kathy Jones said.
September 13, 2016
Bill to Replace Dodd-Frank Passes House PanelDemocrats charge that Rep. Jeb Hensarlings Financial CHOICE Act would hurt investors by dismantling the CFPB.
September 13, 2016
Global Investors Hike Cash Levels in September: BofA Merrill LynchForty-two percent of global investors said high cash levels were a bearish view on markets.
September 13, 2016
Saudi Arabia Ousts U.S. as Biggest Oil Producer, IEA SaysU.S. output in August stood at 12.2 million barrels a day while Saudi Arabian production climbed to 12.58 million barrels a day the same month.
September 12, 2016
JPMorgan’s Dimon Says It’s Time for Fed to Raise Interest RatesJPMorgan Chase's chairman and CEO said a "return to normal is a good thing" in his call for a rise in interest rates.
September 12, 2016
Berkshire Accused of ‘Siphoning’ Funds in Workers’ Comp SuitA New York bicycle courier company has accused Berkshires Applied Underwriters of running a reverse Ponzi scheme.