Economy & Markets
The important economic and stock market news that advisors need to know.
FINRA Fines Citigroup Arm Over Corporate Bond Transactions
By Melanie WaddellFINRA on Monday fined Citi International Financial Services $600,000 and ordered more than $648,000 in restitution and interest to more than 3,600 customers for charging excessive markups and markdowns on corporate and agency bond transactions.
March 19, 2012
Apple Announces Dividend, Share BuybackApple Inc. announced its first dividend since 1995, a move long-awaited by individual investors and many mutual funds as the company neared a record $98 billion in cash.
March 19, 2012
Cohen & Steers Expands With Inflation-Sensitive Hard Assets FundAlong with its investment expertise in REITs, the new fund features gold, commodities and natural resources, along with short-term currency instruments, designed to "overcome the corrosive effects of inflation."
March 18, 2012
Yorkville Shares New MLP Performance Benchmarks, StatisticsAll MLP sectors have outperformed the S&P 500 on a total return basis over the past five years, with low beta.
March 18, 2012
Top Portfolio Products: New ETFs From State Street, RussellInterbank FX launches new social trading platform; Smartleaf adds model vendor portal.
March 18, 2012
At ASPPA 401(k) Summit, Matalin & Carville Offer Jokes, JabsWith annual GDP of less than 3%, President Obama is "a weak incumbent, but hes going to win, Carville said. Romney is an even weaker frontrunner."
March 16, 2012
Stocks Run Out of Steam on Modest U.S. DataStock markets ran out of steam Friday after a closely watched U.S. survey of consumer confidence reinforced concerns over the impact of rising oil prices.
March 16, 2012
Stocks Run Out of Steam on Modest U.S. DataStock markets ran out of steam Friday after a closely watched U.S. survey of consumer confidence reinforced concerns over the impact of rising oil prices.