Economy & Markets
The important economic and stock market news that advisors need to know.
Greece Exit From Euro Zone Possible
By Marlene Y. SatterPolicymakers working on the Greek debt crisis have begun to discuss the ramifications of a departure of Greece from the euro zone, a move once considered unthinkable.
July 07, 2011
Medicare premiums go up for the richWhile 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
Top 5 Reasons for Angst Among the WealthyWealthy Americans today are worried about the global political and economic climate and the long-term health of the U.S. economy, according to a survey by Insite Security and IBOPE Zogby International.
July 07, 2011
New Debt Talks for Obama, Congress as AARP Warns of Social Security CutsNew talks planned for Sunday following White House meeting, while AARP urges parties to keep Social Security and Medicare off the table.
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.