Economy & Markets
The important economic and stock market news that advisors need to know.
Trump to Name New Fed Governor, Jobs Data Head in Coming Days
By Catherine LuceyHis nominee for the open governorship could become the chair when Jerome Powell’s term expires in May.
August 01, 2025
Treasurys Soar as Slower Job Growth Boosts Fed Rate-Cut BetsTraders fully priced in two rate cuts this year, with an 80% chance of a reduction at the next meeting in September.
July 30, 2025
AllianceBernstein to Convert Bond, Muni Mutual Funds to New ETFsThe core bond ETF will invest in corporate bonds, while the muni ETFs will focus on California and New York securities.
July 30, 2025
Crypto Firms Adopt Wall Street’s TacticsPublic firms are lending their coins, locking them up for rewards or selling options to milk income from idle holdings.
July 30, 2025
Fed Holds Interest Rates, Points to Slowing Economic ActivityThe decision defies intense pressure from President Trump to cut rates. There were two dissents.
July 30, 2025
12 Countries With the Most Millionaires: 2025The United States minted more than 1,000 millionaires a day in 2024, UBS' Global Wealth Report finds.
July 29, 2025
Blackstone Exec Killed in Manhattan ShootingWesley LePatner, who ran the firm’s $53 billion real estate fund for wealthy individuals, died Monday.
July 28, 2025
Gunman Kills Several People, Himself at Blackstone’s NYC TowerBlackstone offices were evacuated, an official said.