Economy & Markets
The important economic and stock market news that advisors need to know.
Oil Price Up on Iran Threat, Nigerian Strikes
By Marlene Y. SatterThe price of oil climbed Monday from a four-week low over worries that ongoing Nigerian strikes over a cut in gasoline price subsidies and Iranian threats to close the Strait of Hormuz would threaten supplies.
January 16, 2012
Stark Advice on Risk Avoidance From a Leading AcademicZvi Bodie counsels investors to play it safe amid withering criticism of advisory industry.
January 16, 2012
Stark Advice on Risk Avoidance From a Leading AcademicZvi Bodie counsels investors to play it safe amid withering criticism of advisory industry.
January 13, 2012
Long-Term Mutual Funds See Worst Outflows in Three YearsMorningstar reported Friday that domestic mutual fund asset flows fared poorly through December 2011. Long-term mutual funds had a second consecutive month of net redemptions with outflows of $10.6 billion in December.
January 13, 2012
Investors Flee Stocks and Bonds, Stuff Cash in MattressesA new research report reveals that retail investors are pouring their income into bank savings and checking accounts and shunning stocks and bonds in near record numbersdespite all the Federal Reserve has done to entice them into risky assets.
January 13, 2012
Q4 Earnings: JPMorgan Profits Down 23%; Asset Management Off 40%In JPMorgan Chase's Q4 2011 earnings release, CEO Jamie Dimon highlighted the bank's loans to businesses and consumers rather than focus on poor trading conditions and lower revenues.
January 13, 2012
China Hoarding GoldA wave of Chinese gold buying has injected new life into gold traders, who are feeling bullish once again after the precious metal has begun to regain lost ground.
January 13, 2012
Rivals May Follow RBS Lead in Investment Bank CutsIn the wake of cuts announced Thursday by Royal Bank of Scotland Group that it will close or sell its equities, mergers advisory and equity capital markets businesses, slashing 3,500 jobs, other European banks may follow suit.