Economy & Markets
The important economic and stock market news that advisors need to know.
July 21, 2024
Biden Drops Out of 2024 Election, Endorses Kamala HarrisThe move follows weeks of pressure from Democrats for the 81-year-old to exit the race to improve their chances to defeat Trump.
July 19, 2024
Mega-RIAs Will Grow to Rival Wirehouses in Next Decade: Mariner's BicknellAdding services to meet clients' needs is crucial to that growth, Mariner Wealth Advisors' CEO says.
July 19, 2024
Magnificent Seven' Extend This Week's Rout to 5%Technology stocks led losses in the S&P 500 Friday, with the gauge poised for its worst week since April.
July 19, 2024
SEC Launches Sweep of RIAs' T+1 ComplianceRIAs have received letters asking for details on procedures for trade affirmation and recordkeeping, K&L Gates attorneys say.
July 19, 2024
Brokerages, Banks Caught Up in Massive Tech OutageClients at Bank of America, JPMorgan Chase, Schwab and Wells Fargo reported problems Friday morning.
July 18, 2024
Most Americans Think There's a 'Retirement Crisis' — But Not for ThemselvesIn a new survey, many said the U.S. was facing a crisis while also feeling OK about their own situations.
July 18, 2024
Goldman's Top Stock Analyst Is Waiting for AI Bubble to BurstIt happened with dot-com companies in the late 1990s and more recently with cryptocurrencies, says Jim Covello.
July 18, 2024
With Secure 2.0, Saver's Credit Set for Valuable UpgradeThe direct matching contribution is expected to reach a wider group of taxpayers planning for retirement.
July 18, 2024
Fed Prepares for September Cut as Powell Shifts Focus to JobsBut Fed officials still want to see price numbers trending down toward their 2% annual inflation goal before they fully commit to the cut.
July 18, 2024
Biden Administration Backs Off From Medicare Agent Pay FightOfficials have agreed to a stay that will push big changes back until after the general election.