Economy & Markets
The important economic and stock market news that advisors need to know.
Chuck Schwab at Impact 2011: Bernanke ‘BS’; Obama’s Got to Go
By Janet LevauxThe chairman says there must be a leadership change before the U.S. economy can expand.
November 03, 2011
Berlusconi Could Fall as Italy TeetersSilvio Berlusconi, who has resisted calls to step down as prime minister of Italy, may be on the way out regardless, if former party loyalists continue to rebel.
November 03, 2011
At Schwab Impact, Altegris Launches Futures-Fixed Income Fund Subadvised by GundlachThe Altegris Futures Evolution Strategy mutual fund uses DoubleLines fixed income strategies to supplement managed futures strategies.
November 03, 2011
Primerica Growth Spurs $200M Share BuybackComing off strong 3Q results showing year-over-year growth in recruiting efforts, term life performance, and investment and savings products, Primerica is buying back some $200 million of its shares from Citi.
November 02, 2011
Fed’s Bernanke Sympathizes With Occupy Wall Street as Economic Growth Stays FragileFed Chairman Ben Bernanke says he sympathizes with the frustration of Occupy Wall Street protestors as U.S. jobs market weakness persists and the nations unemployment rate remains elevated. The Fed left its monetary policy unchanged.
November 02, 2011
Disability Insurance Observer: The Amazing Disappearing JobsUnum managed to hold revenue steady in the third quarter, but high unemployment hurt group disability results.
November 02, 2011
Disability Insurance Observer: The Amazing Disappearing JobsUnum managed to hold revenue steady in the third quarter, but high unemployment hurt group disability results.
November 02, 2011
Will European Banks Be Forced to Unload U.S. Assets?The report's authors cite Dutch banking giant ING Groeps pending sale of its U.S. banking franchise ING Direct to McLean, Va.-based Capital One Financial Corp as a paradigm for such asset sales, since European regulators forced ING to restructure.