“We have a good financial system…but I don’t think it’s doing the job that it needs to do, which is being an inclusive economy that brings everybody in together,” Mr. Schulman said.

The accounting holes in these pension funds widened so dramatically last year because of the terrible returns in the stock and bond markets.

The New York Fed’s Empire State business conditions index fell steeply to negative 32.9 in January, its lowest reading the worst of the pandemic in 2020.

While Morgan Stanley beat its earnings target and Goldman fell well short, both investment banks reported lower net income against a strong year-ago quarter

Gold prices end lower on Tuesday, pulling back from their highest level in nine months.

Several tech indicators are pointing in a bullish direction for stocks, says Macro Ops Alexander Barrow.

Oil climbs Tuesday as investors assess data confirming a sharp slowdown in China’s economic growth last year, while looking ahead to a pickup in crude demand.

U.S. bond yields end mostly higher on Tuesday as traders returned from a three-day holiday weekend.

Fund managers are still bearish but “a lot less bearish” than at the end of last year, Bank of America strategists have said following data from their latest poll.

Meme-stock investor Ryan Cohen has amassed a stake in Alibaba Group Holdings and is now actively pushing the Chinese e-commerce giant to expand its share buyback program, The Wall Street Journal and other media outlets reported late on Monday.