Economy & Markets
The important economic and stock market news that advisors need to know.
Emerging U.S. Debt Deal Would Raise Limit, Cap Spending for 2 Years
By Akayla Gardner | Justin SinkThe tentative deal would cut $10 billion from the $80 billion IRS budget increase and would upgrade the electric grid.
May 25, 2023
10 Good, Cheap Growth Stocks for Long-Term Investors: MorningstarThese companies have solid management and cash flows and are trading below fair value, according to analysts.
May 25, 2023
Could $25B in Social Security Payments Force a Debt-Limit Deal?On June 2, millions of Americans are due to get these benefit payments, which may help end the partisan standoff over raising the federal debt limit.
May 24, 2023
12 Worst States for Military Retirees: 2023Adjusting to civilian life can be difficult enough, but it's even harder in these states, according to WalletHub.
May 24, 2023
2 Signs Stocks, Economy Headed Higher: Carson Group's DetrickThe strategist believes recession worries "have been greatly exaggerated" and says "permabears" have likely cost investors.
May 24, 2023
Odds of U.S. Going Past Default Date Are 25% and Rising: JPMorganA potential deal including spending cuts could reduce gross domestic product by 0.1% to 0.5% in 2024, said the bank's chief economist.
May 24, 2023
El-Erian: Stocks Are 'Fairly Priced' for 3 Major UnknownsThe economist says he's "very impressed" at how stable the market has been the past month.
May 23, 2023
Why Young Boomers Have So Little Wealth at Retirement AgeThey'd be expected to have more 401(k) plan wealth than the oldest boomers, but the opposite is true.