Economy & Markets
The important economic and stock market news that advisors need to know.
Top Portfolio Products: Fidelity to Disclose Additional Money-Market Fund Data
By Marlene Y. SatterPortfolio-related developments over the last week include the closure of Fidelitys Small Cap Discovery Fund to new investors and an advisor change by Vanguard on its International Value Fund.
January 17, 2013
NCPERS Head Cries Foul Over Pew Pension SurveyOrganization calls the reports findings about the health of municipal pension plans distorted and outdated.
January 17, 2013
Russia’s WTO Entry Spells Opportunity for Overseas InvestorsRussias entry into the World Trade Organization may be the catalyst that bridges the vast gap between the country's great investment opportunities and giant risks.
January 16, 2013
Worried About Debt Ceiling? Markets Aren’tThe markets have already discounted effects of continued dysfunction in Washington, agree Liz Ann Sonders, Jeff Rosenberg and Milton Ezrati, along with opportunities in stocks and a new approach to fixed income.
January 16, 2013
IRS Says 44% Cut in Tax Rates OK With UsIf Congress were to eliminate all tax expenditures, it could cut individual income tax rates by about 44% and still generate about the same amount of revenue, the IRS' taxpayer advocate said in a report that went mostly unnoticed.
January 15, 2013
Germany’s economic growth slows sharply in 2012Europe's strongest economy is not immune to its neighbors' economic troubles.
January 15, 2013
El-Erian: Game Theory Predicts More Can-Kicking in WashingtonIn a provocative op-ed, Mohamed El-Erian explains the current fiscal stalemate in Washington using insights from game theory, which shows how two parties, acting rationally, can produce a result that is bad for both of them.
January 14, 2013
Obama: GOP Holds Nation Hostage on Debt CeilingPresident Obama dispelled any doubt Monday as to whether the fiscal fight over government spending is going to be bare-knuckled.