Economy & Markets
The important economic and stock market news that advisors need to know.
Medicare premiums go up for the rich
By Staff WriterWhile politicians and media outlets debate what to do about Medicare, one change has already come to the federal program: High-income seniors are paying more for Medicare Part B, which covers doctors' visits and outpatient care.
July 07, 2011
PIMCO Sets Low Price for Total Return ETF; El-Erian on QE3ETF version of famed Total Return bond fund set at 55 bps; El-Erian says 'low odds for QE3'
July 07, 2011
ECB Raises Interest Rates; BoE Benchmarks UnchangedThe European Central Bank on Thursday raised its interest rates in a move that was broadly expected, while the Bank of England also diod as expected, leaving its own rates unchanged.
July 07, 2011
Debt Ceiling and the 14th Amendment: What’s It All About?Can the 14th Amendment of the United States be used to issue an executive order to raise the debt ceiling? The controversy continues to grow, with Rep. Tim Scott, R-S.C., threatening impeachment if the president moves forward.
July 06, 2011
J.P. Morgan Funds Releases Q3 Market GuideJ.P. Morgan Funds announced Tuesday that its “Guide to the Markets” for the third quarter of 2011 is now available in PDF form.
July 06, 2011
Alcoa to Help GRI Revise Sustainability Reporting GuidelinesAlcoa is partnering with the Global Reporting Initiative (GRI) to develop the next generation of corporate sustainability reporting guidelines
July 06, 2011
China Hikes Interest Rates AgainDespite a slowing economy, the China's central bank remains concerned about rising prices and their potential for unrest.
July 06, 2011
Portugal Downgrade Angers EU, Roils MarketsThe downgrade of Portugal's debt to junk status late Tuesday angered the European Commission (EC), which criticized the move even as it took its toll on the markets on Wednesday.