Economy

New insight into Americans' financial capability

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Ongoing national surveys of Americans' financial situations show that many U.S. households face numerous challenges affording medical care and saving for retirement.
Some money managers plan now for recession later

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Alternative money managers are factoring in an economic downturn — in as few as three years — into investment decisions.
Trump's first 100 days — what has changed?

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With the new administration hitting its first 100 days, P&I goes back to sources to gauge opinions about President Donald Trump's policies.
Trump considering moves to break up Wall Street banks

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President Donald Trump says he is actively considering breaking up giant Wall Street banks, giving a push to efforts to revive a Depression-era law separating consumer lending and investment banking.
There will be blood

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Most investment managers surveyed by the TABB Group see volatility rising in 2017.
Home Capital buys time with pension loan as deposits erode

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Home Capital Group Inc.'s C$2 billion ($1.5 billion) credit line from a Canadian pension fund buys it some time as the lender faces a run on deposits that may spark a sale of the company.
Managers' optimism about U.S. economy dips from previous quarter — survey

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Money managers remain generally positive about the U.S. economy, although their optimism has tempered from last quarter.
Insurers expect better returns, investment opportunities — GSAM survey

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More insurers are feeling less pessimistic about the global economy and expect their returns to increase despite feeling cautious because of political uncertainty, a survey shows.
ECB holds steady on rates

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The European Central Bank holds main interest rates for the eurozone steady, in line with market expectations.
CHOICE Act hearing to replace Dodd-Frank draws battle lines

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A divided House Financial Services Committee debates the pros and cons of a GOP proposal to replace much of the Dodd-Frank Act, which the House may vote on May 5.
Retirement savings deductions unchanged in Trump's tax plan

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President Donald Trump's tax plan unveiled Wednesday calls for cutting the corporate rate while simplifying individual tax rates and eliminating most deductions except those for retirement savings,...
Saudi stock exchange completes switch to T+2 settlement cycle

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Tadawul, the Saudi stock exchange, on Wednesday announced it had successfully completed its transition to a two-day settlement cycle for listed securities.
Home prices continue upward trajectory

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S&P Dow Jones released its S&P CoreLogic Case-Shiller index update Tuesday.
How institutions caught gold fever last year

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ETFs that specialize in precious metals netted close to $10 billion in 2016 with much of the interest coming from institutions — not small investors.
European markets rally amid French first-round election results

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European markets rallied early Monday following the first round of presidential elections in France, with money management executives largely positive on region's outlook.