June 19, 2018

Under new tax law, finance leaders show appetite for pension de-risking

The passage of the Tax Cuts and Jobs Act is driving senior finance executives to reduce the liability risks associated with their corporate defined benefit (DB) pension plans. That revelation was one of the important findings of a new study conducted by CFO Research in collaboration with Prudential Financial, focusing on how the new tax law is influencing a range of pension fund-related decisions.

June 18, 2018

Tariff concerns, stress test results, housing data and OPEC may move markets

“This is going to be a busy week for headlines—look for the market to move on every single headline, every single comment out of Washington and China,” Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

June 14, 2018

Annuities on the upswing as more Americans shift to a post-retirement income mindset

Americans are not just living longer, they’re living younger, active lives. That’s a good thing.

But it also presents a problem. Americans are facing a silent, growing crisis. Retirement is no longer an end-stage; it’s a transition point. And as Americans live longer, active lives, they could have a greater chance of running out of retirement savings.

June 14, 2018

Looking ahead after the U.S.-North Korea summit

The historic summit between the U.S. and North Korean leaders in Singapore ended with impressive imagery; however, the joint statement by President Trump and Chairman Kim Jong Un seemed short on details. In “Looking Ahead After the U.S.-North Korea Summit,” Gerwin Bell, Ph.D., lead economist for Asia on PGIM Fixed Income’s Global Macroeconomic Research Team, and Mehill Marku, portfolio manager for PGIM Fixed Income’s Foreign Exchange Team, examine two competing schools of thought concerning how the delicate relationship between the two countries may evolve.

June 11, 2018

Kim Jong Un, ECB, FOMC meetings to dominate market

Three meetings will dominate markets this week: the U.S.-North Korea summit, and the meetings of the Federal Open Market Committee (FOMC) and the governing council of the European Central Bank (ECB), Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

June 07, 2018

Social Security’s slide: Time to hit the panic button?

Social Security’s announcement that the program will operate at a deficit this year delivers a stark warning to future retirees counting on Social Security as their main source of income.

June 04, 2018

Apple’s WWDC, G-7, North Korea summit will keep market busy this week

Headlines could have an important influence on the market this week with earnings season all but finished — pushing trade, tech, and the run-up to the back-on-again U.S.-North Korea summit to the forefront, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

May 30, 2018

Stable value funds a new trend in college savings

For years, many 529 plans offered money market funds as their conservative investment option. Now, they’re increasingly replacing them with stable value funds, investment vehicles wrapped in insurance contracts that guarantee a specific minimum return. A new white paper from Prudential Financial, Inc., "529 Plans: Assessing the Stable Value Option", examines why.

May 29, 2018

A global, risk-off market as Italy, Spain face political and fiscal challenges

Coming out of Memorial Day weekend, global markets have been gripped by political crises in the European Union, as Italy—the EU’s third-largest economy—will face another election and Spain’s prime minister faces a no-confidence vote, Prudential’s Chief Market Strategist Quincy Krosby said Tuesday in her weekly “Connecting the Dots” outlook.

May 25, 2018

Prudential honors fallen soldiers on Memorial Day

Army sergeants Schoon, Nunez and Moody, and specialists Alt and Ellis: They were all from one company, killed within six months during Operation Enduring Freedom. They were among 55 soldiers serving in Andrew Baker’s unit. Baker, now part of Prudential’s corporate real estate team in Newark, New Jersey, was a newly minted 22-year-old second lieutenant on his first command—a deployment to eastern Afghanistan in 2012.