Finance

James Gorman laid out plans for the wealth management unit, which turned in record earnings for the fourth quarter.

The advisory business ended the year on a strong note, boosted by growth in net interest income, which rose 14% year-over-year.

The business, which includes Merrill Lynch, said profits were up 1.8% year-over-year, but down 9% from the previous quarter.

But to get to where bulls think earnings are going, the economy would have to pull off a feat of strength that is unprecedented since at least 1937.

Change can be unsettling. Here’s how to calm jitters and show the benefits of rate fluctuations.

The stunning run in equities "post-Trump appears to have looked past the fact that the economy is already running close to full employment," write two Goldman analysts.

The move will potentially lead to marginally higher borrowing costs for consumers and companies while giving savers a boost.

Hint: The sharp move higher in bond yields has not spooked stock market investors.

Expect the bonds versus stocks pendulum to swing anew.

Advisers and experts offer insights about the changes and issues the industry will face next year.

Meeting notes show some officials say a hike should happen in December.

As interest rates climb, advisers should diversify the fixed-income portion of their client’s overall portfolio.

The major U.S. equity benchmarks rallied together to their all-time peaks for the first time since 1999.

What Trump and rising interest rates may mean for advisers.

The Fed chairwoman warned of the risks attached to waiting too long before raising rates.

Fragmented programs can squash productivity and firm growth.

Officials might wait to get a sense of the fallout before making a decision on rate increases.

Markets registered moves that are supposed to be incredibly rare.

"This has caught a lot of people off guard. We're all very surprised," said Karl Goody, a private wealth manager at Shaw and Partners.