Economy & Markets
The important economic and stock market news that advisors need to know.
Investors Are Bullish, but Inflation Remains a Top Concern: Morgan Stanley Survey
By Michael S. FischerRespondents cited the possibility of recession and volatility as their other main concerns.
July 20, 2023
MOVEit Data Breach Hits 30 Colleges via TIAA, Other VendorsThe Teachers Insurance and Annuity Association of America's vendor, PBI Research, used the software and experienced a "cybersecurity incident."
July 20, 2023
Merger Rules Get Tougher in Crackdown by Antitrust EnforcersThe changes come on the heels of several bruising defeats for the government in blocking vertical mergers.
July 20, 2023
12 Best Cities for First-Time HomebuyersIt's not just about affordability; these cities boast attractive real estate markets and rank high for quality of life.
July 19, 2023
6 Reasons Stocks Could Soar 25% in 2023: Carson GroupThe firm increased its S&P 500 total return forecast from earlier this year, saying positive surprises had played out.
July 19, 2023
Wall Street Layoffs Hit 21,000Bank of America, for instance, has shrunk its headcount by about 5,000 since January and isn't replacing staff who leave.
July 19, 2023
Severe Weather Could Hit Markets This Year: Schwab's KleintopFood, freight and energy prices are vulnerable to the effects of extreme heat, wildfires and El Niño, the strategist says.
July 18, 2023
Gundlach Tangles With Ex-Partners Over Value of DoubleLine StakesThe drawn-out litigation is one of several recent spats among mega alternative asset managers.