Economy & Markets
The important economic and stock market news that advisors need to know.
3 Second-Half Strategies for Brave Investors: State Street
By Michael S. FischerState Street urges investors with "with courage, capital and conviction" to look beyond the pandemic.
June 05, 2020
U.S. Jobless Rate Unexpectedly Fell in MayForecasts had called for a decline of 7.5 million in payrolls and a jump in the unemployment rate to 19%.
June 04, 2020
Schwab-TD Ameritrade Deal Gets Shareholders' ApprovalThis development came hours after Schwab said the Justice Department had approved the transaction.
June 04, 2020
Coronavirus Crisis Is Putting Client Relationships to the Test: McKinseyAdvisors who devote more time to clients are likelier to retain them through the downturn, the consultancy says.
June 03, 2020
Senate Approves PPP Loan ChangesAmong several changes in the bill is an extension of the payment period to qualify for loan forgiveness.
June 03, 2020
Swedroe, Kotlikoff Warn Advisors to Prepare for Higher Taxes After PandemicAdvisors should consider Roth IRA conversions and irrevocable trusts as governments pile on debt, they said.
June 03, 2020
RIAs Have Lingering Questions on PPP LoansLive Oak Bank's Mike McGinley suggests advisors applying for PPP loans consult CPAs and lawyers.
June 03, 2020
12 Sectors With Most Job Losses in May: BofA ForecastThe bank makes some predictions before the May jobs report, and the picture isn't pretty.