Economy & Markets
The important economic and stock market news that advisors need to know.
Bond Fund Bloodletting Continues in August
By John SullivanRedemptions of $114.1 billion since the start of June mark an "enormous shift" for the bond world, TrimTabs says.
August 20, 2013
Incapital Opens Salt Lake City Office in Expansion BidIncapital, the firm run by Chicago Cubs owner Tom Ricketts, announced on Tuesday that it will open an institutional sales office in Salt Lake City.
August 19, 2013
Wal-Mart’s Troubles May Be Canary in a Coal MineWal-Marts (WMT) surprise drop in sales caused considerable tension in the market, as stocks took their biggest five-day tumble of the year last week.
August 19, 2013
Jeremy Siegel Still Sees Dow at 17,000 by Year’s EndThe famed Wharton professor remains bullish despite seeing a "choppy" few weeks ahead...
August 16, 2013
Are We Headed to Mandatory Retirement Savings Accounts?A California bill would use mandatory payroll deductions to provide pensions to millions without 401(k) plans ...
August 16, 2013
Gold: Glittering Yet Again?Global gold demand by consumers and investors rose in the second quarter, and prices in mid-August are rising.
August 16, 2013
Warren Buffett Ups Berkshire’s Wells Fargo StakeBerkshires 8.7% investment in Wells totals almost $20 billion, and the bank's stock is up 26% so far in 2013.