Economy & Markets
The important economic and stock market news that advisors need to know.
Top 30 Richest Social Media Entrepreneurs
By Michael S. FischerIt comes as little surprise that social media entrepreneurs are riding high these days. The global industry is currently worth $215 billion, and the brains behind the likes of Facebook, Groupon, Baidu and LinkedIn are amassing Croesus-like personal fortunes.
September 12, 2011
Scrooges, Not Shoppers, This Christmas: SurveyAmericans are in a grim mood, and it's showing in their plans for holiday shopping, with 82% saying they will spend either the same as last year or less.
September 12, 2011
BofA to Slash 30,000 Jobs, $5 Billion a Year in CostsBofA's restructuring comes six days after Sallie Krawcheck was let go as head of wealth management, but company says it will continue to hire FAs.
September 12, 2011
PIMCO’s Gross Enduring Worst Year Since ’95PIMCO Total Return Fund, the worlds largest mutual fund, is having its worst year relative to rivals in 16 years.
September 12, 2011
Greece Worries Set Markets TumblingWorries that Greece might default on its mountain of sovereign debt sent global markets steeply downward on Monday, with bank stocks in France leading the plunge.
September 12, 2011
German Rift Threatens Euro ZoneJuergen Stark's sudden departure from his post at the European Central Bank (ECB) over the issue of buying bonds from troubled euro zone countries has led to wider problems, both in the zone and at home in Germany.
September 10, 2011
Using REITs for Current Yields: Portfolio FixREITs offer a compelling blend of decent current yield and future price appreciation.
September 09, 2011
Fannie, Freddie Subprime Settlement Could Say Mea CulpaThe Securities and Exchange Commission may be close to a settlement with Fannie Mae and Freddie Mac over their descent into subprime housing loans and lack of disclosure surrounding them, but the path to resolution is not smooth.