Economy & Markets
The important economic and stock market news that advisors need to know.
Goldman Sachs’ Blankfein May Testify in Galleon Case
By Joyce HansonGoldman Sachs CEO Lloyd Blankfein has reportedly been called to testify in the trial against Raj Rajaratnam, billionaire founder of the Galleon Group hedge fund.
March 04, 2011
Janus' Patrick Brophy on Real Estate Trends: The Weekend InterviewThe portfolio manager shares where he sees the best global opportunities.
March 04, 2011
Oil, Gold Both Surge on MENA Unrest; U.S. Could See Cut in SupplyContinued strife in Libya set the stage for continued increases in the prices of both oil and gold, with the potential for oil scarcity in the U.S. rearing its head.
March 04, 2011
Trichet Says ECB May Hike Rates in April, Shakes MarketsAfter the European Central Bank held interest rates steady on Thursday, its president, Jean-Claude Trichet, shook world markets by saying that a rate hike could come as early as April.
March 04, 2011
Germany May Back Bailout Cut if Ireland Raises Corporate TaxMichael Meister, the deputy parliamentary leader of the Christian Democrat party in Germany, said Friday that if Ireland would raise its corporate tax, Berlin might support a renegotiation of the cost of Dublin’s bailout package.
March 03, 2011
Economic Forecasters, the Bears: Gross, Roubini, Rodriguez & More—a Slide ShowIt's the Bears vs. the Bulls, but this playing field is economic prognostication. AdvisorOne presents a slide show of some of the noted pessimists and optimists. First up, da Bears.
March 03, 2011
Five Good Questions for William J. Bernstein of 'Efficient Frontier'The asset-allocation specialist argues, "Wealth is not a dollar amount, but rather a ratio measured in years; in other words, how many years’ living expenses you’ve saved."
March 03, 2011
Oil Prices a Drag on Economy Despite Encouraging Signs: J.P. Morgan's KellyDavid Kelly, chief market strategist of J.P. Morgan Funds, hosted a call on Wednesday to address rising oil prices and political turmoil in the Middle East.