Economy & Markets
The important economic and stock market news that advisors need to know.
Relocation Expert Warns California’s Tax Hikes Will Push Out More Businesses
By Gil WeinreichBusiness relocation coach Joseph Vranich warns a further increase in taxes for the 48th-ranked state in terms of tax burden (according to the Tax Foundation) will only exacerbate California's financial woes.
May 16, 2012
France, Germany Talk Growth as Greece TeetersThe newly elected French president, Francois Hollande, met with Chancellor Angela Merkel of Germany to discuss the possibility of growth measures as they sought a way out of the Greek debt debacle.
May 15, 2012
Krawcheck Weighs In on JPMorgan DebacleControversial industry executive asks what happens when high-return bank businesses go bad.
May 15, 2012
Reporting From Europe: Impact of Likely Greek Default, Exit From Euro ZoneIf Greece defaults, it will cost 425 billion euros and may precipitate further exits from other highly indebted euro zone nations.
May 15, 2012
Greece Calls New Elections After Coalition Talks FailGreece will hold new elections after the three major parties and President Karolos Papoulias failed to form a governing coalition that could agree on how to handle the country's debt burden.
May 14, 2012
London Whale Steers Clear of J.P. Morgan Asset ManagementTrader Bruno Iksils losses dont appear to have hurt the fund business at J.P. Morgan Asset Management.
May 14, 2012
Volcker Rule Untenable? Analyst Says JPMorgan’s Failed Hedge Is ProofIn the immediate aftermath of JPMorgan's $2 billion trading loss, both conservative and liberal voices have been heard calling for tighter regulation, but Peter Wallison makes the opposite case.
May 14, 2012
‘If You Want to Speculate, Don't Call Yourself a Bank’—TD Bank CEOBloomberg TVs Erik Schatzker sat down with Edmund Clark, who calls himself an old-fashioned banker.