Economy & Markets
The important economic and stock market news that advisors need to know.
Muni Bonds: The Next Trillion-Dollar Headache?
By Ron DeLeggeLocal governments, unlike the federal government, cant print their way out of debt, a fact that advisors and their clients should keep in mind
August 03, 2012
Top Portfolio Products: New Advisors In, AllianceBernstein Out for 3 Vanguard FundsNew products introduced over the last week include a new dividend and income builder fund from Henderson.
August 03, 2012
Better, simpler, cheaper: The formula that makes Tesco great (Fast Company)When Tesco realized it wasnt as agile as it used to be, the multinational grocery and general merchandise retailer went back to its founding roots: simplicity.
August 03, 2012
Economy Added 163K Jobs in July, but Rate Rose to 8.3%July's hiring was the best since February. Still, the economy has added an average of 151,000 jobs a month this year enough to keep up with population growth but not enough to drive down the unemployment rate.
August 03, 2012
ECB Battle: Draghi vs. WeidmannECB President Mario Draghi is challenging Bundesbank President Jens Weidmanns opposition to a plan for the ECB to reenter the bond markets.
August 02, 2012
AIG 2Q Earnings Soar Beyond Analyst ExpectationsAmerican International Group announced a 27 percent increase in earnings for the second quarter of the year, spurred largely by strong growth in its variable annuity business.
August 02, 2012
AIG 2Q Earnings Soar Beyond Analyst ExpectationsAmerican International Group announced a 27 percent increase in earnings for the second quarter of the year, spurred largely by strong growth in its variable annuity business.
August 02, 2012
PIMCO’s Gross Slams Draghi, Says Jeremy Siegel Belongs in ‘Ivory Tower’The co-CIO of PIMCO said Draghi should have offered concrete policy steps at Thursdays ECB policy meeting.