Economy & Markets
The important economic and stock market news that advisors need to know.
Prudential Sees Interest Rate Winds Hurting MYGAs, Helping RILAs
By Allison BellCaroline Feeney, the head of the U.S. businesses, expects sales of favored products to be strong.
February 05, 2025
Apollo Raises Record From Private Wealth as Credit GrowsWealthy clients helped the firm attract $100 billion of assets to its credit products last year.
February 04, 2025
Franklin Resources Cuts 3% of WorkforceThe $1.6 trillion money manager is consolidating operations after clients of its Western Asset unit redeemed $120 billion.
February 04, 2025
Robinhood Says CFTC Asked It to Halt Super Bowl WagersThe agency said it has “serious concerns” about firms offering access to contracts that may not be legally permissible.
February 03, 2025
Trump Signs Executive Action to Create Sovereign Wealth FundThe fund could be used to facilitate the sale of TikTok, which is still operating in the U.S.
February 03, 2025
Trump Tariffs Will Backfire: Greg ValliereTrump is overplaying his hand, "needlessly making enemies for life," says the AGF Investments policy strategist.
February 03, 2025
Stocks Pare Losses as Mexico Says Tariffs DelayedThe S&P 500 dropped about 1% after falling twice as much earlier in the session.
January 31, 2025
Trump May Give DOGE Access to Treasury Payment Systems: ReportThe systems send out bond payments, Social Security payments and tax refunds.