Economy & Markets
The important economic and stock market news that advisors need to know.
Florida Wins Big as Wealthy Leave Northern States
By Lee J Miller | Wei LuThe Sunshine State nets $17.2 billion from inbound moves vs. outbound.
May 24, 2019
Sanders Revives Plan to Tax Stock, Bond and Derivatives TradesThe tax would be a disincentive for high-frequency trading and help middle-income Americans who helped foot the bill for the bailout of financial institutions after the 2008 market crash, Sanders said.
May 24, 2019
Russia's Dirty Oil Crisis Is Worse Than Anyone PredictedDespite repeated pledges from Russian authorities to resume shipments in days, the crisis is proving bigger, longer and costlier than almost anyone expected and a solution could still be weeks away.
May 24, 2019
Sen. Wyden Floats Tax Bill to Close Carried Interest LoopholeWyden calls the break for fund managers "One of the most indefensible loopholes in the tax code."
May 24, 2019
Asset Managers Lagged Behind Market Recovery in Q1A new Moody's report shows the market rebound was not reflected in asset managers' asset flows, revenues or earnings.
May 23, 2019
Fidelity Measures the CD-Annuity Literacy GapAdults ages 50 to 75 were much more likely to know a CD's current rate of return.
May 23, 2019
Honoring Advisors Who Serve(d): Memorial Day, 2019ThinkAdvisor's yearly compilation highlights the stories of 11 military veterans who also serve in the financial advisory industry.
May 23, 2019
Trump to Approve $16 Billion More in Farmer Trade-War AidAgriculture Secretary Sonny Perdue said Thursday that China is targeting Trump's political base with its retaliatory tariffs on U.S. agricultural products.