Economy & Markets
The important economic and stock market news that advisors need to know.
Financial Crisis’s Pricetag Could Top $10 Trillion: GAO
By Melanie WaddellLosses incurred by the financial crisis of 2007-'09 could exceed $10 trillion, and the effects could linger for years to come, according to a just-released report by the Government Accountability Office.
February 14, 2013
12 Presidents’ Big State of the Union Ideas on EconomyFrom FDR to the second Bush, a look at what presidents had to say in their annual message to Congress.
February 14, 2013
Aberdeen Asset Management Acquires Artio Global for $175MThe U.K.-based global asset manager continues its growth plan in U.S. with the acquisition of a $14.3 billion firm and looks to further its reach with BDs and RIAs.
February 14, 2013
Goldman’s Blankfein for Treasury Secretary?CEO Lloyd Blankfein hinted he might like the job, just not anytime soon, in a wide-ranging interview with Bloomberg TV.
February 14, 2013
FINRA Warns on Bonds’ Duration RiskFINRA issued an alert Thursday underscoring the importance of a bonds duration risk in the current low-interest-rate environment.
February 14, 2013
PIMCO’s El-Erian: Prepare for More Currency Confusion"Within the last 24 hours, G-7 officials issued a currency statement, 'clarified' it and then criticized the clarification," the PIMCO CEO wrote on Thursday.
February 14, 2013
Buyer of the Overlooked and Unloved Embraces AppleConsidering that Morningstar ranks the Roumell Opportunistic Value Fund in the top 1% of its category, portfolio managers Jim Roumell and Ted Crawford may be on to something with their call on Apple.
February 13, 2013
Why employment is dead in the waterThe Feds policies are boosting the profits in the financial markets sector but not much else.