Economy & Markets
The important economic and stock market news that advisors need to know.
IMF Warns Trump's Tax Overhaul Fueling Global 'Race to the Bottom'
By Tony CzuczkaIMF Managing Director Christine Lagarde says other countries are beginning to cut their taxes to stay competitive.
February 14, 2018
Bob Doll's 10 Post-Correction PredictionsWhile Doll thinks the worst of the correction is over, he says messy market conditions may continue.
February 14, 2018
Tax Law Guts Fannie's Bottom Line; Needs $3.7B From U.S.The mortgage finance company lost over $6 billion in the fourth quarter because asset values declined as a result of the new tax law.
February 14, 2018
US Companies Lag on Corporate Governance: Allianz Global InvestorsThe firm just launched a proxy voting tool disclosing its votes on shareholder and management proposals, including "no" votes on 45% of U.S. comp proposals.
February 14, 2018
4 Ways Persistent Low Returns Affect Retirement Behavior: NBERA new NBER paper examines how the low interest rate environment can change retirement decisions.
February 13, 2018
Powell's Fed Isn't About to End the 'Greenspan Put'The Fed cant allow financial markets to collapse while it frets about moral hazard.
February 13, 2018
Bill Restores Tax Exemption for Advance Refunding BondsThe exemption, repealed in the Tax Cuts and Jobs Act, is important to states and local governments, a co-sponsor of the bill said.
February 13, 2018
Powell Suggests Fed Will Hike Rates Despite Stock Market RoutThe new chairman said the Fed is moving to normalize monetary policy "with a view to extending the recovery."