Economy & Markets
The important economic and stock market news that advisors need to know.
New York Fed: Gap Year From College Could Have Lifelong Costs
By Bernice NapachMeanwhile, the direct and indirect costs of attending college right now are relatively low, analysts find.
July 29, 2020
Fed Affirms Commitment to Support a Faltering EconomyBut policymakers stressed that the path "will depend significantly on the course of the virus."
July 29, 2020
Vanguard to Merge Active Value Fund Into Larger Passive FundIf shareholders approve, the Vanguard U.S. Value Fund will merge into the Vanguard Value Index Fund.
July 29, 2020
Fed Extends Lending Facilities Through Year-EndMany of them were due to expire at the end of September.
July 28, 2020
Pension Offers vs. Lump Sum DistributionsA question about what to do about severance may be the start of a much longer conversation.
July 28, 2020
GOP Aid Plan Includes Bill to Fast-Track Social Security, Medicare ChangesThe bill is one of several that make up the HEALS Act, a package House Speaker Nancy Pelosi says "isn't serious."
July 28, 2020
The Fiduciary Rule Was Great for Variable Annuity Buyers: EconomistsJust in case you thought the sales standards fight was cool enough that you could roast corn on the embers...
July 28, 2020
Corporate Bond Funds Are Weak Where They Look Weak: ResearchersThree economists say COVID-19-related bond fund outflows correlated well with obvious signs of fragility.