Economy & Markets
The important economic and stock market news that advisors need to know.
SBA Issues Revised PPP Loan Forgiveness Application
By Melanie WaddellIt also released an EZ application, requiring fewer calculations and less documentation, for eligible borrowers.
June 16, 2020
Pushing Financial Institutions to Hold the Same Kinds of Assets May Backfire: EconomistsThe researchers make the case that investing alike increases the odds that companies will die alike.
June 16, 2020
Obama Campaign Chief Says Trump Leads Biden on EconomyFormer Obama aide Jim Messina and former Bush aide Karl Rove agree on this, saying it's voters' top issue.
June 16, 2020
Advisors Expect Returns More Like 2018 Than 2008: SurveyWhile U.S. financial professionals are optimistic, those abroad are another story, Natixis finds.
June 16, 2020
'Peak Pessimism' in Markets Is Over, but Hope Is Fragile: BofA SurveyGlobal fund managers' cash levels experienced the biggest drop in June since August 2009, BofA Global Research reported.
June 15, 2020
SBA Reopens Disaster Loan PortalMeanwhile, Democrats pressed Treasury chief Mnuchin and SBA to provide the names of all recipients of PPP loans.
June 15, 2020
Here Are 12 Investing Superstars in 2020, According to MorningstarThe firm has announced the nominees for its 2020 Awards for Investing Excellence.
June 15, 2020
Stock Investors' Optimism FaltersThe market appears to be facing a "reality check" as COVID-19 cases rise in China and parts of the U.S.