The Wealth Advisor

Contributor

The Wealth Advisor is today’s most relied-on source of news and education for planners and advisors. We scan the news so you don’t have to, sending you what you don’t want to miss…but don’t always have time to find yourself without poring through dozens of publications. The Wealth Advisor sends you a handy once-a-week list of the most important news, hand-picked by our staff for its importance to investment advisors and their practices.

Wall Street Banks Push Back Expected End of Fed Balance Sheet Drawdown

According to survey biggest banks shifted ahead of last month's Fed meeting toward predicting U.S. central bank would end its balance sheet reduction.

Layoffs Soared 98% in 2023 With Employers in Cost-Cutting Mode

In 2023, companies planned 721,677 job cuts, 98% jump from 2022, according to report from outplacement firm Challenger, Gray, and Christmas.

Fed March Rate-Cut Hopes Are Optimistic, DoubleLine’s Sherman Says

Wall Street’s expectations that Fed will cut interest rates as early as March are premature, according to DoubleLine Capital’s Jeffrey Sherman.

Zuckerberg Unloads Nearly Half Billion of Meta Stock

Mark Zuckerberg, the CEO of Meta Platforms, the parent company of Facebook, recently liquidated nearly half a billion dollars of Meta stock.

A Soft Landing for US Economy is 'Increasingly Conceivable' but not 'Inevitable': Fed's Barkin

Richmond Fed President Tom Barkin once again urged caution about the direction of interest rates in a new speech Wednesday.