Economy & Markets
The important economic and stock market news that advisors need to know.
UBS Taps Former CEO Ermotti to Replace Hamers
By Marion Halftermeyer | Myriam BalezouUBS Group is bringing back Sergio Ermotti as chief executive officer to oversee the historic acquisition of Credit Suisse Group.
March 28, 2023
Gundlach Says Recession Will Start in a Few MonthsThe overall state of the economy is "clearly weak," the DoubleLine Capital CEO said on CNBC.
March 28, 2023
15 Richest Women in the World: Forbes, 2023We combed through Forbes' Real-Time Billionaires List to identify the wealthiest women today across the globe.
March 27, 2023
Why Schwab's $7T Empire Is Showing CracksHigher interest rates are encouraging clients to move cash out of some accounts that bolster Schwab's bottom line.
March 27, 2023
What's Next for SVB's Advisors After First Citizens Deal?The wealth unit had $16 billion of client assets last year and 190 employees, many of whom were registered investment advisors.
March 27, 2023
REITs Under Pressure After Bank FailuresThe Vanguard Real Estate Index Fund, for instance, is down more than 8% over the past month.
March 27, 2023
7 Deadly Sins of Advising in Messy MarketsIt is easy to maintain a low profile when the stock market is rocky, but this is when clients need you the most.
March 27, 2023
Here's the Next Risk for Stocks: Morgan Stanley"Given the events of the past few weeks, we think guidance is looking more and more unrealistic ...," strategist Michael Wilson said.