Economy & Markets
The important economic and stock market news that advisors need to know.
Chinese Cities Ordered to Set Caps on Greenhouse Gas Emissions
By Marlene Y. SatterChina has ordered five of its cities and two provinces to set caps on their greenhouse gas emissions, preparatory to the opening of local carbon markets.
January 13, 2012
Week in Pictures | January, 13 2012Mitt Romney expectedly wins the New Hampshire primary, an anticipated rise in unemployment claims after the holiday season begins to show and an Iranian nuclear scientist is assassinated raising tensions at an already shaky time. This and more in this week's Week in Pictures.
January 12, 2012
World Economic Forum Warns of Income DisparityThe World Economic Forum released a report Wednesday that warns of a threat to economies all over the world from anger over increasing inequality. It also said that, for the first time in generations, people are no longer optimistic that their children will experience a better standard of living.
January 12, 2012
Hedge Funds Look to Greek Bonds for ProfitLondon- and New York-based hedge funds are among those that hold Greek bonds and are resisting haircuts advocated by the Greek government to help the country avoid default.
January 12, 2012
SIFMA Says Volcker Rule Threatens to Freeze Corporate Bond MarketSIFMA says that an overly restrictive implementation of the Volcker rule could severely reduce liquidity in the $1 trillion U.S. corporate bond market.
January 12, 2012
U.S. Consumer—the Economy’s Engine—Chugs Along at Snail’s PaceThe U.S. Commerce Department reported flat retail sales in December, but the lackluster news may mask more positive news on the critical consumer front of the economy.
January 12, 2012
Highest Volatility in 50 years Spooks Hedge Fund ManagersPlain-vanilla bonds and widow-and-orphan utilities creamed hedge funds in 2011, offering fresh evidence that ordinary investors need not feel underprivileged for lack of access to more exclusive investment opportunities.
January 11, 2012
Bill Gross Touts PIMCO Total Return ETF at Virtual SummitPIMCO CIO Bill Gross promoted the upcoming launch of an ETF-version of his PIMCO Total Return Fund at the ETF Virtual Summit, a four-hour online event held on Tuesday that was attended by nearly 1,000 advisors.