News
Latest inflation data comes in hotter than expected. Here is what it means for advisors
1+ hour, 53+ min ago (525+ words) The latest Producer Price Index (PPI) data came in higher-than-expected Friday, causing some upset in the markets - advisors are playing close attention to what the numbers could mean for the Federal Reserve and potential rate cuts. PPI is an important…...
Trump: ‘Golden Age’ economy built on tariffs, new retirement accounts but a skeptical public
2+ day, 11+ hour ago (745+ words) President Donald Trump used his 2026 State of the Union address to argue that the United States is entering what he called a new "golden age," powered by tariffs, a buoyant stock market and an expanded suite of retirement-savings programs. But…...
Fed’s Barr signals patience on rates, warns AI boom could be inflationary in the near term
1+ week, 2+ day ago (599+ words) Federal Reserve Governor Michael S. Barr painted a cautious picture of the US economy and the implications of rapid AI adoption for monetary policy and the labor market. Speaking Tuesday before the New York Association for Business Economics in New York,…...
Americans are footing 90% of the tariff bill, Fed study reveals
2+ week, 11+ hour ago (641+ words) The costs of the 2025 tariff wave landed overwhelmingly on American businesses and households, not on foreign exporters, according to a new report. Using detailed customs data through November 2025, New York Fed economists found that nearly 90% of the economic burden from…...
Wealthspire to be acquired by Chicago PE firm as Aon divests most of its NFP wealth business
5+ mon, 3+ week ago (321+ words) Aon is to sell the majority of its NFP wealth business to a private equity firm based in Chicago. The global company's subsidiary has wealth and retirement advisory operations in the US, Canada, Puerto Rico, the UK, and Ireland, including…...
US holiday spending expected to drop on tariffs, higher prices
5+ mon, 3+ week ago (355+ words) Holiday spending in the US is poised to decline this year due to Gen Z's concerns about rising prices, tariffs and a higher cost of living, according to a survey by PricewaterhouseCoopers." A report released Wednesday shows consumers expect to…...
Over 450 economists back Cook, Fed independence in open letter
5+ mon, 3+ week ago (501+ words) Prominent economists are rallying behind Federal Reserve Governor Lisa Cook after President Donald Trump moved to fire her based on allegations that she committed mortgage fraud." More than 450 economists signed an open letter backing Cook, saying there is a high…...
Goldman and Citi see European stock rally surviving French drama
5+ mon, 4+ week ago (857+ words) The risk of another failed government in France is already priced in by markets and won't be enough to derail the best year for European equities relative to US stocks in almost two decades, according to top Wall Street strategists....
Stocks steady as traders look ahead to Nvidia: Markets Wrap
6+ mon, 6+ hour ago (495+ words) by'Robert Brand and Andre Janse van Vuuren" European stocks found their footing after days of losses as investors awaited Nvidia Corp.s earnings for an update on the artificial intelligence boom that has powered equity gains this year." The Stoxx…...
Hassett sees Fed chair pick taking ‘another few months’
6+ mon, 2+ day ago (449+ words) National Economic Council Director Kevin Hassett indicated President Donald Trump's decision on who should succeed Federal Reserve Chair Jerome Powell is months away. "I would expect that this would run out for another few months before the president decides," Hassett…...