Economy & Markets
The important economic and stock market news that advisors need to know.
PIMCO’s Gross Slashes Emerging-Market Debt Position
By John SullivanBill Gross is making some moves. After tweeting Tuesday that the U.S. was getting closer to QE3, Gross, who runs the worlds biggest bond fund, cut his holdings of emerging-market debt to a two-year low.
May 10, 2012
Goolsbee Sees ‘Awful Recession’ for Europe, ‘Fiscal Cliff’ for U.S.At NAPFA conference, Obamas former economic adviser warns that the end of the year will be dire for U.S.
May 09, 2012
PIMCO’s Gross: Focus on Short-Term Securities, QE3 Is ComingThe bond king says real assets and commodities should occupy an increasing percentage of portfolios.
May 09, 2012
Greece, France Jockey for ChangeAlexis Tsipras of the Syriza party in Greece has given leaders of other parties an ultimatum: reject the bailout and its tough conditions, or be shut out of the government.
May 08, 2012
Stocks Fall as Greece Struggles to Form GovernmentA wave of political uncertainty in Europe spread through financial markets Tuesday, pushing U.S. stocks sharply lower.
May 08, 2012
Stocks Fall as Greece Struggles to Form GovernmentA wave of political uncertainty in Europe spread through financial markets Tuesday, pushing U.S. stocks sharply lower.
May 08, 2012
Why Entrepreneurs Love Dallas and Hate L.A.A survey conducted by Thumbtack, a website that helps consumers get bids from local handymen, yoga instructors and even financial advisors, provides data from local entrepreneurs themselves.
May 07, 2012
Will Election Results Push Euro Down to Its Fair Value?Jim O'Neill of Goldman Sachs says a drop to 1.20 euros to the dollar is more likely than not.