Economy & Markets
The important economic and stock market news that advisors need to know.
Goolsbee: ‘Groundhog Day’ Over Payroll Tax Cut Will Continue
By John SullivanAustan Goolsbee, former chairman of the Council of Economic Advisers, appeared on Bloomberg T.V. with Margaret Brennan Tuesday to discuss the Republican field of candidates, the payroll tax cut fight and the overall state of the economy.
January 04, 2012
Top 10 Worst Cities for Educated Job SeekersWhen jobs are scarce, it always helps not to have the deck stacked against you. Some places offer fewer opportunities, particularly for more educated members of the labor force. A look at the worst of them.
January 04, 2012
PIMCO’s Gross Backs Off ‘New Normal’ PredictionHow the mighty have fallen. Is Bill Gross the next Bill Miller? Investors could be forgiven for asking after PIMCO Total Return did badly in 2011, as the well-respected bond king somehow missed the biggest bond rally in nine years.
January 04, 2012
Citigroup Sues Rajaraman Over GoldThe Singapore unit of Citigroup is suing hedge fund manager Raghavendran Rajaraman over losses it says he incurred after the price of gold fell from its record in September.
January 04, 2012
Italy’s UniCredit Falls on 43% Discount OfferItalys largest bank, UniCredit, saw its stock fall the most in two months in Milan after it announced that it would sell 7.5 billion euros ($9.8 billion) in shares at a 43% discount to Tuesdays closing price, excluding rights values.
January 04, 2012
Home Prices Fall in ChinaPrices of homes fell in China for a fourth straight month as the Chinese government repeated its determination to keep property restrictions in place.
January 04, 2012
Flight to Safety Benefited Government and Agency Closed-End FundsIn November, closed-end fund investors flocked to governments and agencies, narrowing the discount, RiverNorth reports
January 03, 2012
Fed to Go Public on Rate Actions in Historic Move Toward TransparencyIn a historic move that points to increasing transparency at the Federal Reserve, the FOMC announced Tuesday that beginning in January, it will start to publish a forecast of its own actions.