Economy & Markets
The important economic and stock market news that advisors need to know.
New York Republican Floats Higher Tax Rate to Pay for SALT
By Steven T. DennisThe tax bill "has stalled — and it needs wind in its sails," said Rep. Nick LaLota, R-N.Y., on Saturday.
May 16, 2025
Active Investors' Pessimism Hit a Two-Year High in April: SchwabThe quarterly survey saw bearish sentiment spike significantly.
May 16, 2025
Investors Still Prefer Advice From Real People: GallupForty-three percent of adults surveyed said they turn to family and friends for advice, a poll found.
May 16, 2025
Trump Tax Cuts Rejected by House PanelFour ultraconservatives want deeper cuts to Medicaid and a faster phase-out of clean energy tax credits.
May 15, 2025
11 Best & Worst Broker-Dealers: Q1 Earnings, 2025Two of the firms reported earnings declines from a year ago — one tied to a large regulatory payment.
May 15, 2025
FINRA to Raise $100 Gift LimitThe regulator also plans to codify looser rules on personal gifts.
May 14, 2025
12 Cities Where It Takes the Most Income to Be Middle ClassThe median income needed to enter this group in big cities increased to $74,225, SmartAsset research found.
May 14, 2025
Trump Tax Plan Heads to House Floor VoteThe Ways and Means Committee approved trillions in new tax cuts, but some crucial issues are unresolved.