Economy & Markets
The important economic and stock market news that advisors need to know.
Fed Appoints First Black Regional-Bank Chief
By Steve MatthewsEx-Obama administration official Raphael Bostic will lead the Atlanta Fed and will be a voting member of FOMC next year.
March 13, 2017
Raymond James to Join S&P 500The broker-dealer's market capitalization has risen above $10 billion.
March 13, 2017
Dartmouth Taps Wealth Manager Ruth to Run $4.5 Billion EndowmentAlice Ruth was investing chief at Willett Advisors in New York; CIO Pamela Peedin is stepping down in April after six years.
March 13, 2017
Wall Street Has Found Its Next Big Short in U.S. Credit MarketStruggling retailers such as Macys are fueling mall defaults; investors are betting against commercial mortgage-backed debt.
March 13, 2017
VanEck Launches the First U.S.-Listed Green Bond ETF: Portfolio ProductsIn other product news, Morgan Stanley launched two sustainable investing portfolios.
March 10, 2017
Morningstar Files to Launch Its Own Mutual Funds for AdvisorsThe subadvised funds will replace current third-party funds that comprise Morningstar Managed Portfolios.
March 10, 2017
Optimism About US Economic Growth at 13-Year High: AICPAThe poll found that optimism about the 12-month outlook for the U.S. economy had risen to 69% from 62% in the fourth quarter.
March 09, 2017
That Radical Obama Wasn't So Awful for MarketsA cautionary tale of how dangerous it is to confuse your own partisan politics with objective market analysis, then and now.