Economy & Markets
The important economic and stock market news that advisors need to know.
Oops! Reinhart-Rogoff Research Tripped Up by Typo
By Gil WeinreichA simple Excel spreadsheet error punches a hole in a highly cited economic paper by Carmen Reinhart and Kenneth Rogoff that has been used to bolster policies favoring restraint in government spending.
April 15, 2013
DIAs: The perfect annuity for baby boomersSurprising for the we want it now generation, boomers appear willing to park their money in deferred income annuities.
April 15, 2013
DIAs: The perfect annuity for baby boomersSurprising for the we want it now generation, boomers appear willing to park their money in deferred income annuities.
April 15, 2013
3 Actions for Worried Investors: BlackRockBlackRock's chief strategists have stepped forward with three actions for uncertain investors to take as stocks reach market highs and bonds stay stuck in single-digit territory.
April 15, 2013
NFP to Sell Itself to Private Equity Firm for $1.01BWealth management services provider National Financial Partners Corp. said Monday that it would sell itself to private equity firm Madison Dearborn Partners LLC for about $1.01 billion.
April 12, 2013
In Shift, Conservatives Line Up Against Big BanksIn the shifting alliances that are characteristic of politics, the presumed closeness of Republicans and Wall Street may be increasingly tested.
April 12, 2013
JPMorgan, Wells Fargo See Double-Digit Q1 Profits but Shares Fall on Low RevenueJPM and WFC both offset lower profit margins on loans by setting aside less money to cover bad mortgage loans.
April 11, 2013
DoubleLine’s Gundlach Crushes Notion of Great Rotation, Bond BubbleThe Fed and the U.S. Treasury clearly dont want any customers outside of central banks and active traders like himself, DoubleLine CEO Jeffrey Gundlach says.