Economy & Markets
The important economic and stock market news that advisors need to know.
Top Portfolio Products: AdvisorShares, Cousteau Develop ETF; Van Eck Introduces Closed-End Municipal Bond ETF
By Marlene Y. SatterNew products introduced in July include a socially responsible ETF from AdvisorShares and a closed-end municipal bond ETF from Van Eck, as well as a guaranteed income annuity from New York Life and a China currency bond fund from Guinness Atkinson.
July 15, 2011
8 European Banks Fail Stress TestsStress tests on European banks revealed that eight failed, fewer than expected.
July 15, 2011
Bloomberg to Meredith Whitney: Where Are the Defaults?The predictin’ business ain’t easy. Star analyst Meredith Whitney made the bold call eight months ago that a record number of municipal defaults would occur, as state and locals governments struggled to shore up their balance sheets.
July 15, 2011
Consumer Sentiment Hits Lowest Level Since March 2009: ReutersConsumer sentiment as measured by Thomson Reuters and the University of Michigan fell in early July to the lowest level since March 2009, the news agency reported Friday.
July 15, 2011
Oil Prices: Making a Burgers-to-Barrels ComparisonA group of commodities analysts looks at petrol prices over time to see if oil is cheap or expensive now.
July 15, 2011
PIMCO’s Gross Warns, Don’t Mess With Debt Ceiling—Raise ItGross calls out Washington politicians for the game of chicken they’re currently playing with America’s finances.
July 14, 2011
Fareed Zakaria to keynote IRI 2011Fareed Zakaria, host of CNN's "Fareed Zakaria GPS," has just been announced as the keynote at the Insured Retirement Institute's 2011 annual meeting, Oct. 2-4 in Boston. For more information, click the headline.
July 14, 2011
What's Next for PIMCO Total Return?S&P mutual fund analyst Todd Rosenbluth looks at PIMCOS's upcoming ETF version of its Total Return offering.