Economy & Markets
The important economic and stock market news that advisors need to know.
Trump Will Make Orthodox Choice for Fed Chair: PIMCO Bond Chief
By Michael Mackenzie and Alice GledhillPowell isn’t due to bow out until May, but the president has indicated he has various candidates in mind.
July 09, 2025
Citigroup, AssetMark to Expand in Charlotte and Add 762 New JobsAssetMark plans to invest $10 million to establish an East Coast hub in Charlotte’s central business district.
July 09, 2025
BlackRock’s Cash-Like ETF Eclipses Infamous Long-Bond TradeOne fund has emerged as a haven for cautious cash holders; the other continues to fall out of favor.
July 08, 2025
Trump Says Powell Should ‘Resign Immediately’ if He Misled CongressHe was referring to the Fed chair allegedly deceiving lawmakers about renovations at the central bank’s headquarters.
July 08, 2025
12 States With the Most Potential AUM per AdvisorSeven states have more than $100 million in prospective assets available per advisor, SmartAsset reported.
July 07, 2025
Stocks Sink on Trump’s Latest Tariff PlansHigher tariffs being considered include levies of 25% on goods from Japan and South Korea, for instance.
July 07, 2025
JPMorgan to Cut Another 88 Jobs in Jersey CityThe banking giant says it's looking to "redeploy" affected employees.
July 07, 2025
Bob Doll Checks In on His 10 Predictions for 2025At midyear, the Crossmark CEO finds four of them heading in the right direction.