Sales Fall in Eurozone by Most in 5 Months
High prices for diesel and gas have driven eurozone travelers away from the pumps, leading to a drop in retail trade that is the largest in five months.
Moody’s Still Negative on U.K. Banks, but Exports Increase
Moody’s retained its negative outlook on U.K. banks, and luxury goods maker Burberry said it would disappoint on full-year earnings on slowing global sales. But the pound rose on news that the U.K.’s trade deficit fell in July.
REITs: An Attractive Investment Opportunity
Real estate investment trusts (REITs) continue to produce solid returns for investors
Top 10 Consumer Complaints
A survey revealed that new complaints ranged from bedbugs to Internet penny auctions, gold buying companies and the use of prepaid card products to bilk consumers out of their hard-earned funds.
Tweets of Doom From Gross, Roubini Point to Slowdown
Twin tweets from two titans, PIMCO's Bill Gross and the economist Nouriel Roubini, on Monday point to pessimistic outlooks from the men and their firms.
New Hire Roundup: Orizon Joins Mariner
This week in new hires, Mariner Wealth Advisors announced its acquisition of a majority interest in Orizon Investment Counsel’s wealth management division, and Lynne Ford joined Calvert Investments.
Retail Sales in Germany Rise
Germany, already the brightest economic spot in the euro zone, shone even brighter on Monday with the news that retail sales were up, fueled by more jobs and higher wages.
S&P Downgrades Spain
Spain suffered another downgrade as Standard & Poor's cut its sovereign credit rating and its unemployment rate rose to its highest level since the early 1990s—now one of the highest in the world.
China Growth Slowest in Almost Three Years
China's economy is still slowing, hitting its lowest growth rate in almost three years, with the first-quarter rate prompting fears that additional government intervention might be necessary to halt its downward slide.
New Hire Roundup: Mason Is CIO at OneAmerica; Rodilosso Joins Market Vectors
This week in new hires, John Mason became CIO at OneAmerica Financial Partners and Francis Rodilosso went to Market Vectors ETFs.