Economy & Markets
The important economic and stock market news that advisors need to know.
Buffett Puts $5 Billion Into BofA, Draws Criticism
By Janet LevauxBank of America said Thursday that it was selling 50,000 shares of preferred stock with a liquidation value of $100,000 per share and a dividend that pays 6% per year to Berkshire Hathaway.
August 24, 2011
North StarsConventional market wisdom has always dictated that investors who stick their necks out at a time of great crisis reap great rewards further down the line.
August 24, 2011
Cohen & Steers: Investors Should Seek High-Dividend StocksA new white paper released by investment manager Cohen & Steers on Monday maintains that dividend oriented companies are "strongly positioned to continue raising pay-outs and deliver solid returns." The report also says these companies are trading at attractive prices and offer great upside potential.
August 24, 2011
On Eve of Jackson Hole, CBO Pegs $1.3 Trillion U.S. Deficit for 2011The Congressional Budget Office projection of the 2011 shortfall represents 8.5% of GDP; suggests real GDP of 2.3% this year, improvement in jobless rate.
August 24, 2011
FINRA Warns Investors to Beware of Gold Stock ScamsIn an interview with AdvisorOne on Tuesday, S&P gold equity analyst Leo Larkin said the run-up in gold prices may be overplayed in a heated market. At the same time, FINRA warned against scams.
August 24, 2011
Top 10 Best & Worst Sports Business DealsAdvisorOne looks at how the business of sports has gobbled up the landscape from Citi Field to Lambeau Field and Tiger Woods to Li Na.
August 24, 2011
Advisory M&A Activity Drops in Q2, Even as Deals Get BiggerWhile M&A activity in the advisory industry fell slightly in Q2, the deals were larger and total assets exchanged increased to $8.5 billion from $6 billion in the first quarter, according to Pershing Advisor Solutions Real Deals Quarterly Update, produced in partnership with FA Insight.
August 24, 2011
Moody’s Downgrades Japan One NotchRating agency cites political situation as reason; Japan now at same level as China.