Economy & Markets
The important economic and stock market news that advisors need to know.
Grantham, Arnott, 4 Others’ Investing Strategies: Tiger 21 Conference
By Michael S. FischerConference attendees also heard presentations from well-known speakers in philanthropy, health and lifestyle, Tiger 21 said.
February 13, 2014
Stocks lift 401(k)s, but many Americans unprepared for retirementThe average 401(k) balance reached a new record of $89,300 in the fourth quarter, up 15.5 percent from a year earlier.
February 13, 2014
Global AUM to Top $100 Trillion by 2020Global assets under management are expected to be about $102 trillion by 2020, with about half of those assets held in North America, according to PwC.
February 11, 2014
Yellen: Steady Fed Policy Could Shift With ‘Notable’ Economic ChangeFed Chief Janet Yellen said that while she expects continuity in Fed policy, pausing or increasing bond purchases was not out of the question.
February 11, 2014
Emerging stocks advance on Chinese bank rallyThe MSCI Emerging Markets Index hit a two-week high.
February 11, 2014
House GOP Prepared to Vote on Clean Debt Ceiling RaiseHouse GOP members were unable to get enough support for debt limit plan to mostly eliminate a cut in the military retirement cost-of-living adjustment.
February 10, 2014
Macro Prospects Dim for Turkey, but Niches Attract InvestmentThe Turkish central banks recent move to raise interest rates is a much-needed step to help an economy extremely vulnerable to global economic shocks.
February 10, 2014
4 Reasons U.S. Doomsayers Are Wrong: Milken ExpertSurveys show most Americans are pessimistic about the U.S. future, but Milken Institute scholar Joel Kurtzman says there are four reasons they are dead wrong.