Economy & Markets
The important economic and stock market news that advisors need to know.
JPMorgan, Wells See Big Q3 Profits as Bank Lending Returns
By Joyce HansonInvestors looking for good news found it Friday as JPMorgan and Wells Fargo both reported double-digit profits for the third quarter.
October 12, 2012
Maersk Cuts Shipping Again as Demand SlowsThe largest container shipping line in the world, A.P. Moeller-Maersk A/S, announced that it is cutting 19 ships from Asia-Europe trade lanes as demand falls and expenses rise.
October 11, 2012
Raymond James COO: Fiscal Year Results to Reflect Conservative CultureRJFS 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
The warning signs in earnings seasonAlcoa kicked off the earnings season on Wednesday, and the news could be fairly described as "muddled."
October 11, 2012
The warning signs in earnings seasonAlcoa kicked off the earnings season on Wednesday, and the news could be fairly described as "muddled."
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.