Economy & Markets
The important economic and stock market news that advisors need to know.
Nonprofits Brighten Employment Picture: Johns Hopkins Research
By Michael S. FischerWith President Barack Obama set to address a joint session of Congress on Thursday about the state of nations economy and the dismal employment picture, new data released Friday show that nonprofit employers actually added jobs during the worst part of the recent recession.
September 06, 2011
PIMCO’s El-Erian: ‘Bumpy and Volatile’ Week AheadPlunging European markets and a loss of control by the European Central Bank over the sovereign bond market in the euro zone foretell a difficult post-Labor Day market in the U.S., said PIMCO's Mohamed El-Erian in a commentary on Monday.
September 06, 2011
PIMCO Separated From AllianzGerman insurer Allianz has divided Pacific Investment Management (PIMCO) and Allianz Global Investors from its main business into a new division called Allianz Asset Management.
September 05, 2011
European Markets, Italian Bonds DownWorries over the European debt crisis drove markets and Italys bonds lower on Monday, with gold and the dollar gaining over the euro. Angela Merkels party lost elections in Germany over the weekend as well, showing opposition to euro bailouts the German chancellor has advocated.
September 05, 2011
Solar Offers Opportunity Despite SetbacksDespite setbacks and stiff competition from China and Europe, the U.S. solar industry is still thriving.
September 05, 2011
Climate Change Endangers Insurance Industry: CeresInsurers are failing to adequately plan for climate change risks, according to a report by Ceres, thus endangering not only the consumers and businesses that depend on them but also their own survival.
September 02, 2011
PIMCO’s Gross: ‘Almost Suicidal’ to Focus on Debt Instead of GrowthGovernments should be focusing on creating growth rather than reducing debt, PIMCOs Bill Gross said Friday. To [focus on reducing debt] right now is almost suicidal, he said in an interview on Bloomberg Radio.