Economy & Markets
The important economic and stock market news that advisors need to know.
Trump Urges Fed to Cut Rates, Blames It for Slowdown
By Margaret Talev, Craig Torres | Liz Capo McCormickTrump also wants the Fed to use quantitative easing, which he had criticized during the Obama administration.
April 03, 2019
UBS Said to Weigh Asset Management Options Including MergerSwiss bank considering partial sale or merger of business; asset managers seeking scale to fend off low-cost competitors.
April 03, 2019
Wells Fargo CEO's Stumble Puts Bank in Familiar State of Disarray"They're in limbo," said Parnassus Investments Chairman Jerome Dodson. "We'll have to see who the new CEO is."
April 02, 2019
'The Most Powerful Man on Wall Street That You've Never Heard of' Is RetiringDavid M. Blitzer, the managing director and chairman of S&P Global's index committee, is retiring this August.
April 02, 2019
Half of Older Americans Have Nothing in DC Plans, IRAsTwo in five of those households have a pension; the rest have no retirement account at all, the GAO reports.
April 01, 2019
Robert Shiller: Why Aren't Stock-Market Booms Predictable?Major shifts should be at least partly foreseeable; yet they aren't, the economist says.
April 01, 2019
11 Things You Should Know About the Yield Curve: LPLWhile a yield curve inversion may precede a recession, growth can continue for years after that first flip.
April 01, 2019
WisdomTree Restructures 2 Funds: Portfolio ProductsIn other product news, an impact investment opportunity launched that aims to fix the gender disparity in small business lending.