Economy & Markets
The important economic and stock market news that advisors need to know.
PIMCO: Emerging Asia Junk Debt Offers Best Return for 2011
By John SullivanIndonesia of particular interest to the company’s head of emerging Asia portfolio management.
January 28, 2011
Sarkozy, Dimon Face Off Over RegulationJPMorgan Chase CEO Jamie Dimon got a surprise at Davos when he rose to ask French President Nicolas Sarkozy not to impose over-regulation on banks.
January 28, 2011
Employment Cost Index Sees Second Lowest Rise in Nearly Three DecadesWages and benefits increased 2% last year after a 1.4% increase in 2009, the Labor Dept. reported Friday in its Employment Cost Index. Both years were the smallest gains in 28 years.
January 28, 2011
Stocks Dip After GDP Report DisappointsStocks fell in early trading Friday after the GDP report showed that the U.S. economy isn't growing as quickly as economists expected.
January 28, 2011
Call for Wealth Sharing Marks DavosSpeakers at the World Economic Forum in Davos on Thursday warned of unrest if concern for the poor, the jobless and the disadvantaged did not bring change.
January 28, 2011
2010 Q4 Earnings, Week 2: Good Quarter for Asset Management FirmsDespite concerns about outflows from equity and fixed income funds, the fourth quarter is shaping up to be an excellent earnings season for asset management firms.
January 28, 2011
2010 Q4 Earnings, Week Two: Asset Managers All Posted ProfitsDespite concerns about outflows, fourth-quarter is shaping up to be an excellent earnings season for asset management and mutual fund firms. To be sure,…
January 27, 2011
2010 Q4 Earnings: Federated Investors’ Reports Earnings Per Share of $0.45, Declares DividendPittsburgh-based money management firm Federated Investors Inc. reported earnings per share of $0.45 for the quarter ended Dec. 31, 2010.