Economy & Markets
The important economic and stock market news that advisors need to know.
At Schwab Impact 2011, Big Names Appear, Big Themes Predominate
By James J. GreenBill Gross, Tony Blair, Maria Bartiromo and Chuck himself welcome advisors to Schwabs hometown for Impact 2011.
October 28, 2011
SEC Slapped Down in Two Cases Against BanksU.S. District Court Judge Jed Rakoff administered a mighty tongue-lashing to the SEC in a proposed settlement with Citigroup the same day his colleague on the bench Miriam Goldman Cedarbaum dismissed fraud charges against a JP Morgan executive.
October 28, 2011
MetLife, NFP Enjoy Earnings Gains in Third QuarterFueling MetLifes earnings rise was strong demand for the companys variable annuities. Annuity sales increased by $9.2 billion, up 79% over the third quarter of 2010.
October 28, 2011
NAIC Suffers Dip in Investment Income, Budget ShowsThe NAIC budget rises incrementally again for the coming year, but a volatile third quarter market wipes out investment gains. The organization's liquid reserve is projected to increase to almost 84% by year-end 2012.
October 28, 2011
EU Hopes to Tap China for Rescue FundsAs European leaders explore an IMF channel for money to boost the rescue fund worked out in the debt crisis agreement, China was not so eager to commit to contributing despite being asked.
October 28, 2011
EU Insurers Could Shift Losses to Life PolicyholdersEuropean Union insurers could be planning to shift losses they are being compelled to accept from euro zone sovereign debt to customers who hold policies.
October 27, 2011
Axel Merk: Is Occupy Wall Street a Threat to the Dollar?Will the Occupy Wall Street protests have a detrimental effect on the dollar? No doubt some protesters hope so, and currency manager Axel Merk says the notion isnt farfetched.
October 27, 2011
Jubilation Over Euro Debt Deal Likely to Give Way to Next Act in Greek Tragedy: News AnalysisThe outlines of the deal reached in the wee hours of Thursday morning seem clear enough, though like many a Greek tragedy the gap between appearance and reality may greatly diverge.