Economy & Markets
The important economic and stock market news that advisors need to know.
Economy Added 163K Jobs in July, but Rate Rose to 8.3%
By Christopher S. RugaberJuly's hiring was the best since February. Still, the economy has added an average of 151,000 jobs a month this year enough to keep up with population growth but not enough to drive down the unemployment rate.
August 02, 2012
AIG 2Q Earnings Soar Beyond Analyst ExpectationsAmerican International Group announced a 27 percent increase in earnings for the second quarter of the year, spurred largely by strong growth in its variable annuity business.
August 02, 2012
PIMCO’s Gross Slams Draghi, Says Jeremy Siegel Belongs in ‘Ivory Tower’The co-CIO of PIMCO said Draghi should have offered concrete policy steps at Thursdays ECB policy meeting.
August 02, 2012
Unum Reports Mixed Disability ResultsDisability sales, revenue and earnings are all over the map at other carriers.
August 02, 2012
Unum Reports Mixed Disability ResultsDisability sales, revenue and earnings are all over the map at other carriers.
August 02, 2012
Putting women in charge pays off, big time (Huffington Post)In the last six years, small to mid-size companies with at least one female board member have performed 17% better than those without.
August 02, 2012
Draghi Tested on Euro CrisisShould ECB President Mario Draghi fail to come up with an effective tactic to quell market fears over the eurozone crisis, it could make the situation worse than ever.
August 01, 2012
DIAs: Planting Their Roots in Fertile Soil for GrowthAt a time when many life insurers are scaling back or eliminating product guarantees because their balance sheets are strained, many advisors will be heartened to learn that one product boasting an attractive combination of guaranteed income, high rate of return and tax advantages is becoming more widely available: the...