Irvine • Dallas • Houston

Stocks climb as debt ceiling deal optimism grows

U.S. stocks closed higher on Thursday on mounting optimism that a U.S. debt ceiling deal could be reached within days, with discount retailer Walmart providing additional support after an upbeat annual sales forecast. This report produced by Alex Cohen.

 

US consumer spending will ‘deteriorate’ – wealth manager

WealthWise Financial CEO Loreen Gilbert says she is surprised by the continued strength of consumer spending but expects it to decline and offers tips for how investors should prepare for this. 

More opportunity now in bonds than stocks – wealth manager

WealthWise Financial CEO Loreen Gilbert says bonds look more attractive to her now and she is increasing her exposure to international fixed income, though she does point to stock opportunities too.