Economy & Markets
The important economic and stock market news that advisors need to know.
Senate Finance Sets Feb. 13 Hearing on Lew Nomination for Treasury
By Melanie WaddellJacob "Jack" Lew is sure to face a tough grilling from lawmakers, as President Barack Obamas recent swath of nominations have been challenged by the courts.
February 06, 2013
BRIC Inventor O’Neill Checks Out Early From Goldman SachsO'Neill, who coined the term 'BRIC' to describe the emerging-markets juggernaut of Brazil, Russia, India and China, surprised the asset management world with his early retirement.
February 06, 2013
Obama Presses for Delay, but Sequestration Cuts ImminentPresident Barack Obama urged Congress Tuesday to delay the looming sequestration cuts by passing a package of both spending cuts and tax hikes, but reports said Wednesday that Obamas plan was DOA in the House.
February 06, 2013
Roubini, Legendary Pessimist, Is ‘Optimistic’ on StocksThe noted New York University economist told CNBC on Tuesday that the "easy money" policy of the Fed will continue for "as far as the eye can see" and that's going to continue to be good for the U.S. stock market.
February 05, 2013
January Fund Flows Show Exuberant Investors: Strategic Insight, TrimTabsAn all-time record $77.4 billion flowed into U.S.-listed equity mutual funds and ETFs in January, according to TrimTabs Investment Research. Also in January, net inflows to bond funds are estimated to exceed $40 billion, says Strategic Insight.
February 05, 2013
Hartford promises tough line on LTD pricesThe company expects to raise LTD rates 15 percent or more and let revenue fall.
February 05, 2013
Libertas’ Koos Banks on International ETFsThere are plenty of opportunities to choose from, says the Libertas Wealth Management founder, particularly if one assesses international investment choices on a relative strength basis.
February 04, 2013
Sovereign Debt: Emerging Markets and Developed NationsOptimism may be surfacing in the Eurozone, and many officials may have backed off their original tough stance on austerity, but Greece is still battling its debt demons.