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Trade, Earnings and Weak Data Weigh on Investors’ Minds

Last week, the Citi Economic Surprise Index for the U.S. declined for the first time in fourteen weeks, dating back to June 28. Pushing the index lower was a virtually uninterrupted string of weaker than expected economic reports, beginning with the ISM report on manufacturing activity. Instead of bouncing back to a growth reading as expected, after slipping into contraction in August, the index fell even further as the manufacturing sector remains under pressure from trade policy and sluggish global economic activity. That was followed by an equally surprising slowdown in the service sector activity report, although it continues to grow. But it was the weakest reading in three years. Factory orders also disappointed, and private sector capital goods orders for August were even weaker than indicated in the preliminary estimate. 

Ameriprise Financial Welcomes Two Experienced Advisors with $320 Million in Assets Under Management

Minneapolis – October 07, 2019 – Today Ameriprise Financial, Inc. (NYSE: AMP) announced that Mark Burton, MBA of Dayton, OH and Peter Bazirgan of Providence, RI have joined the firm’s employee channel with a combined $320 million in assets under management.

Ameriprise Financial Completes Sale of Auto & Home Business to American Family Insurance

Minneapolis – October 1, 2019 – Ameriprise Financial (NYSE: AMP) today announced it has completed the sale of De Pere, Wisconsin-based Ameriprise Auto & Home to Madison, Wisconsin-based American Family Insurance Mutual Holding Company (American Family Insurance).

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Latest Research

Helping Adult Children Financially

Helping Adult Children Financially

Expert Marcy Keckler shares strategies to help parents strike the right balance between helping their kids financially and saving for retirement. Learn more about our Modern Money study.