Economy & Markets
The important economic and stock market news that advisors need to know.
Wells Fargo Misses Interest Income Estimates
By Hannah Levitt & Jenny SuraneThe bank also reported $1.15 billion in net charge-offs, including $187 million tied to commercial real estate.
April 11, 2024
12 Biggest U.S. Banks in 2023Several of them — JPMorgan Chase, Wells Fargo and Citigroup — will report their first quarter earnings on Friday.
April 11, 2024
Annuities Soar as Source of Life Insurer RevenueAt the same time, the share of the U.S. life companies' premiums tied to individual life insurance is shrinking.
April 10, 2024
Is Now a Good Time to Retire?How important is market timing to retirement success? In part, it depends on how well you plan.
April 10, 2024
Is It Time to Take Tech Profits and Invest Elsewhere?Technology shares could come under pressure, says Goldman Sachs, which prefers energy and Japanese shares.
April 10, 2024
S&P 500 Hit by Fed-Pivot Rethink on Rate CutsEquities extended their April losses, as the consumer price index topped economists' forecasts for a third month.
April 10, 2024
Social Security 2025 COLA Estimate Climbs to 3%The Senior Citizens League's 2025 COLA projection increased again after jumping from 1.75% to 2.4% last month.
April 09, 2024
Younger Investors Are Optimistic About Their Finances, But Want HelpA recent poll finds most Gen Zers and millennials are asking for financial advice but not always from advisors.