Economy & Markets
The important economic and stock market news that advisors need to know.
Chuck Schwab: We’ll Go Over Cliff, but Let’s Move On
By James J. GreenIn conversation with Maria Bartiromo and the brains behind KKR, Chuck Schwab talks alternative investments, one benefit of Dodd-Frank, and why hes willing to write a bigger tax check.
November 12, 2012
Italy Plans Trial for Fitch, S&P Over DowngradesProsecutors allege that reports by both S&P and Fitch on Italy and its banking system were leaked during business hours in at least one instance. The leak is alleged to have caused the Milan stock market to record heavy losses.
November 12, 2012
EU to Consider Caps on Banker BonusesBritains Finance Minister George Osborne, who has been outspoken in his efforts to preserve the Londons financial primacy in Europe, is expected to oppose the measure and has already said he would fight any bonus caps proposed by Brussels.
November 12, 2012
Top Portfolio Products: New Emerging Markets Equity Fund From CalvertAberdeen launches emerging markets debt fund, as Schwab rolls out mobile offering.
November 12, 2012
Bond Funds Top $400B in FlowsEquity funds see weaker flows, with close to $2.5 billion going to funds focused on emerging markets,
November 09, 2012
Obama on Fiscal Cliff: ‘I’ll Compromise,’ but Not on Taxing Top EarnersAddressing the looming fiscal cliff, President Obama said Friday that while hes not wedded to every detail of the plan he put forward previously to reduce the deficit, he will not compromise when it comes to making sure the top earners pay their fair share.
November 09, 2012
Friedman Sees Fiscal Cliff Colliding With Obama’s LegacyPolitical analyst Andy Friedman explains in his latest commentary that in the long term, the presidents legacy will ride on his ability to bring down the deficit.
November 09, 2012
Playing the Post-Election Market SlumpThe current 3.5% slump in equity prices since the election has created a raft of uncertainty about the future direction of the market.