Economy & Markets
The important economic and stock market news that advisors need to know.
Sell Oppenheimer Muni Funds on Puerto Rico Risk, Ameriprise Says
By Michelle Kaske, BloombergOppenheimer funds held $3.5 billion worth of Puerto Rico securities as of March 31, the most of an mutual fund group, according to Morningstar.
July 18, 2016
BofA Q2 Profit Drops 18%Revenue for the wealth group continues to drop, along with fees and commissions at Merrill and elsewhere.
July 18, 2016
Oil Producers Prepare for Second-Half Slump as Rally SputtersCrude oil prices have fallen more than 10% from their early June peak, pressuring drillers to do everything they can to raise cash.
July 18, 2016
It’s Not a Housing Bubble, It’s Just ExpensiveA low inventory of available homes is driving prices higher, industry observers say.
July 18, 2016
What’s behind the ballooning upper middle class? EducationChildren are more likely to inherit their parents' educational status than their income status.
July 18, 2016
Real Estate to Become Its Own S&P 500 SectorMoving real estate out of financials and into its own sector should increase its importance in investor portfolios.
July 15, 2016
Social Impact Bonds Gain Global MomentumThe Social Finance Global Network looks at these public-private partnerships. Here's one (for preschoolers) that panned out and one (for inmates) that didn't.
July 15, 2016
Kleintop: 3 Reasons to Stay Globally DiversifiedInvestors who retrench after the Brexit vote could miss out on the next "investing megatrend," Schwab strategist Jeffrey Kleintop says.