Economy & Markets
The important economic and stock market news that advisors need to know.
AIG 2Q Earnings Soar Beyond Analyst Expectations
By Arthur D. PostalAmerican 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
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...
August 01, 2012
Concerned Fed Wavers on New StimulusWednesdays Federal Reserve meeting ended with no significant developments.
August 01, 2012
Fed Says U.S. Economy Has Slowed, but Takes No New ActionThe Federal Reserve said Wednesday that the U.S. economy is losing strength and repeated a pledge to take further steps to stimulate growth, but it took no new action.
August 01, 2012
Jeremy Grantham: Today a Food Crisis, Tomorrow ‘Dystopia’Hedge fund manager Jeremy Grantham is known for his doom-and-gloom outlook, but his latest shareholder letter updates merely terrifying U.S. and European financial woes with worldwide instability and social collapse.