Economy & Markets
The important economic and stock market news that advisors need to know.
Greece Progresses on Rescue
By Marlene Y. SatterThe ECBs Governing Council has decided to raise the upper limit for the amount of Greek short-term loans the Bank of Greece can accept in exchange for emergency loans.
August 03, 2012
Roubini Website: Draghi Failure ‘Epic’Nouriel Roubinis EconoMonitor website published a scathing piece by University of Oregon Professor Tim Duy on Friday.
August 03, 2012
Bogle Joins Gross-Siegel ‘Food Fight’The smackdown between Bill Gross and Jeremy Siegel continues, this time with Twitter as the venue.
August 03, 2012
Top Portfolio Products: New Advisors In, AllianceBernstein Out for 3 Vanguard FundsNew products introduced over the last week include a new dividend and income builder fund from Henderson.
August 03, 2012
Better, simpler, cheaper: The formula that makes Tesco great (Fast Company)When Tesco realized it wasnt as agile as it used to be, the multinational grocery and general merchandise retailer went back to its founding roots: simplicity.
August 03, 2012
Economy Added 163K Jobs in July, but Rate Rose to 8.3%July'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 03, 2012
ECB Battle: Draghi vs. WeidmannECB President Mario Draghi is challenging Bundesbank President Jens Weidmanns opposition to a plan for the ECB to reenter the bond markets.
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.