Economy & Markets
The important economic and stock market news that advisors need to know.
Raymond James COO: Fiscal Year Results to Reflect Conservative Culture
By Joyce HansonRJFS COO Dennis Zank positioned the firm as an antidote to out-of-control Wall Street growth for growths sake at the 2012 Raymond James Womens Symposium.
October 11, 2012
Bond Funds Flooded With Cash as Quest for Income, Yield ContinuesBond funds took a big leap in September, with two tracking firms reporting heavy gains in flows for the fixed-income sector.
October 11, 2012
PIMCO’s Total Return ETF Races to Record $3 Billion in AssetsThe fund run by legendary bond manager Bill Gross is among the 10 top-selling ETFs this year.
October 11, 2012
European Banks Slow to Sell LoansA new survey has shown that European banks are stalling on unloading loans, instead waiting for them to expire at their own pace.
October 11, 2012
Spain Takes S&P Rating CutS&P not only downgraded the countrys sovereign debt rating two notches to a single level above junk, but also gave it a negative outlook. The ratings agency cited the uncertain economic and political situation in its reasoning.
October 11, 2012
IMF Says Greece Needs More Time, Possible Debt ReductionChristine Lagarde and Wolfgang Schaeuble are locking horns over Greece.
October 11, 2012
Obama vs. Romney: Energy Policy + Tax Policy = Major Differences for InvestorsFrom regulation to dividend taxation, Obama and Romney have very contrasting policies affecting the energy sector.
October 10, 2012
8 Presidents, 1 Nominee and Tax Rates They PaidThe controversy over Mitt Romneys limited disclosure of his tax history and the 14.1% tax rate he paid led AdvisorOne to compare his rate to eight presidents going back to 1970.