Economy & Markets
The important economic and stock market news that advisors need to know.
Monti Labor Law Split Poses Risk for Investors
By Marlene Y. SatterEven as Prime Minister Mario Monti of Italy pushed through a plan to make it easier to fire workers, a split within his governing coalition over the measure could endanger his government even before elections are held by May. And that, in turn, could boost risk for investors.
March 28, 2012
Income Protection: Are You Asking These 3 Questions?Home: Protected. Car: Protected. Life: Protected. Pet: Protected. Most valuable asset: ?
March 28, 2012
Investor Confidence Way Up, but Not Equity AllocationStrong gains in the U.S. equity markets, lower unemployment and encouraging news from the European debt crisis all contributed to a dramatic increase in economic optimism among high-net-worth and mass-affluent investors, according to Phoenix Marketing International.
March 28, 2012
Bill Gross Talks QE3, PIMCO’s New ETFPIMCO founder and co-CIO Bill Gross spoke with Bloomberg Television's Margaret Brennan Wednesday, telling her the Fed will likely shift focus to mortgage securities to keep borrowing rates low when Operation Twist ends in June.
March 28, 2012
Dow 26,000! Here We Go AgainIt appears Wells Fargo is ignoring an important rule for stock prognosticators, which is: Never tie the Dow to a specific date, something author and former Washington Post columnist James Glassman once told AdvisorOne.
March 28, 2012
Asia Plans to Double Reserve PoolPolicymakers in Asia are laying the groundwork to double the region's own reserve pool to $240 billion as a hedge against financial shocks.
March 28, 2012
Diamonds Rise, but Not Enough for Rio Tinto, BillitonBoth Rio Tinto and BHP Billiton are looking to sell their diamond mines in a realignment of business that would see them abandon gemstones for baser ores.
March 28, 2012
Swiss Re Says 2011 Was Second Costliest Year to InsurersSwiss Re's study of disasters, both natural and manmade, in 2011 showed insured catastrophe losses that reached $116 billion.