Economy & Markets
The important economic and stock market news that advisors need to know.
News Analysis: Has the Crisis Doomed the U.S. to Decline?
By Gil WeinreichKwasi Kwarteng, a member of the British Parliament, makes the case that the financial crisis and Americas debt problem signal the end of American empire.
April 17, 2012
New World Bank Chief Faces Struggle to Stay RelevantPresident Obamas nominee for the top slot of the World Bank was named to that post on Monday, but the challenges Jim Yong Kim faces will not just be those of running the institution but of keeping it relevant.
April 17, 2012
Japan Pledges $60B to IMFThe pledge boosts overall commitments to about $310 billion, with about $200 billion coming from euro zone countries and another $50 billion from other E.U. countries.
April 16, 2012
Financial Impact of Living Longer Worse Than Pension Plans ThinkWhile aging occurs slowly and imperceptibly, its financial effects can be catastrophic if not addressed now, the IMFs Global Financial Stability Report argues.
April 16, 2012
Citi Reports Record Revenue Led by International TransactionsThe bank said Monday that it made $2.9 billion in the first three months of the year, or 95 cents per share, which includes a $1.3 billion accounting charge that Citi took because the value of its debt increased.
April 16, 2012
‘Too Big to Fail’ Banks Bigger Than Before CrisisThe five largest domestic banks now hold $8.5 trillion of assets, or 56% of the nations GDP, and are bigger than before the financial crisis.
April 16, 2012
Top Portfolio Products: BlackRock to Launch Bond-Trading PlatformAlso last week, U.S. Commodity Funds introduced agriculture fund, while the Market Vectors Fallen Angel High Yield Bond ETF was rolled out.
April 16, 2012
Euro Zone Seeks More IMF FundsWorries over Spain mean that additional IMF funding might be needed to combat the euro zone debt crisis, which once again is beginning to look out of control.