Economy & Markets
The important economic and stock market news that advisors need to know.
White House’s Corporate Tax Reform Derided by Republicans, Businesses
By Gil WeinreichThe Obama administration has unveiled a framework for corporate tax reform that lowers rates while eliminating loopholes, but the proposal has already met with sharp criticism from Republicans and corporations for proposing a rate higher than the developed-country average.
February 22, 2012
Muni Funds Record Fifth Straight Month of InflowsAs investors continue their desperate search for yield, municipal bond funds hit their fifth consecutive month of inflows, racking up more than $100 million in January, according to Boston-based Cerulli Associates.
February 22, 2012
RiverNorth to Soft Close Gundlach Strategic Opportunity FundFund that combines DoubleLine fixed income and RiverNorth closed-end fund strategies to close to new investors on March 30, but RiverNorth's Brian Schmucker says RNDLX will remain open to advisors already allocating to the fund, which is closing in on $1 billion in assets.
February 22, 2012
Under PressureThe anemic economic recovery has been in the forefront of the news for several years now.
February 21, 2012
On Call, Gundlach Voices Concerns on Consumer, Government DebtNoted manager worries about personal income and jobs when stimulus ends; points out disagreement among Fed governors on rate hikes.
February 21, 2012
U.S. Economy Shows Strength as Dow at 4-Year High Nears 13,000: Schwab’s AguilarU.S. economic improvement, housing market stability and strong corporate profits have contributed to the stock markets solid performance in 2012 as the Dow hits a four-year high.
February 21, 2012
FPA’s Bob Rodriguez: Window Narrowing to Avoid Fiscal DisasterThe famed money manager warned that next year would be the most crucial in the past 80 to right our fiscal path before budgetary financial pressures will explode."
February 21, 2012
Nigeria Calls for Non-U.S. World Bank HeadNigerian Finance Minister Ngozi Okonjo-Iweala praised the current World Bank leader, but said it was time to give someone from the developing world a chance.