Economy & Markets
The important economic and stock market news that advisors need to know.
Morgan Stanley CEO James Gorman Sees 50% Recession Risk
By Sally Bakewell"It behooves you to be a little cautious," he says.
June 10, 2022
Social Security COLA Estimate Set at 8.6% for 2023 as Inflation Rises in MayCPI rises to 8.6% over past 12 months, the largest since December 1981. Gasoline up 4.1% from April to May.
June 09, 2022
Schwab's Kleintop: Time to Add Global StocksA retreat by investors "back to what's been working" is "the wrong thinking this time," Kleintop tells ThinkAdvisor.
June 09, 2022
15 States Where Older Adults Are Going Back to WorkIn some states, the share of older adults in the workforce has more than doubled from 2020 lows, according to MagnifyMoney.
June 09, 2022
How the Metaverse Can Boost Company Loyalty Amid the Great ResignationThe metaverse offers the ability to bring employees together virtually in the same space to create a stronger team and company culture.
June 08, 2022
Ark's Cathie Wood Sees Huge Inventories as Evidence Inflation Will Ebb"I've never seen inventory surges like this in my career and I've been around for a long time," the ARKK manager says.
June 08, 2022
SEC Chief Takes Aim at Payment for Order Flow in Sweeping Plans for Stock MarketsThe plan would be the agency's most direct response to 2021's trading in GameStop and other meme stocks.
June 08, 2022
Headwinds for High Earners Are About to Get WorseIn a recent survey, a third of people earning more than $250,000 a year reported living paycheck to paycheck. And expenses are climbing.