Economy & Markets
The important economic and stock market news that advisors need to know.
'No Limit' to What the Fed Can Do: Chairman Powell
By Bernice NapachThat is, as long as it complies with Dodd-Frank, he says.
April 09, 2020
Democrats Block McConnell's Push to Boost Small-Business AidThe Paycheck Protection Program needs fixing, and other stimulus programs need the funding more urgently, Democrats say.
April 09, 2020
Fed Unleashes $2.3 Trillion Muni, Business Aid PlanIn the Main Street Lending Facility, eligible borrowers can have up to 10,000 employees or up to $2.5 billion in revenue.
April 08, 2020
Fed Lifts Cap on Wells Fargo for Small-Business LoansThe bank can extend loans via the Paycheck Protection Program while fulfilling obligations tied to its 2018 consent order.
April 08, 2020
Fidelity Charitable Challenges Its Donors to Give MoreThe DAF wants donors to double their grants in a month in response to the COVID-19 pandemic.
April 08, 2020
You're Guiding Your Clients Through the Virus Crisis, but What About Your Business?Now is the time for you to start figuring out how much "friction" your firm can withstand, according to DeVoe & Co.
April 08, 2020
Transamerica Introduces CARES Act Customer Support: Coronavirus Aid RoundupGoldman Sachs, First Command and Salesforce are among other companies offering COVID-19 financial relief.
April 07, 2020
How Are Yield Curves and Recessions Related? Not How You Think: Recessionomics, Pt. 1In part 1 of this 3-part analysis of recessions, we will look at the yield curve prior to each of the past seven U.S. recessions--you may find the results surprising.