Economy & Markets
The important economic and stock market news that advisors need to know.
Democrats Expect Economy Will Go South in '08
By Staff WriterA new study by Harris Interactive finds that more than half the nation's Democrats and Independents feel the economy will get worse in 2008. The...
February 01, 2008
Investor InfluenceAs part of our interview with Michael Carmen, we asked if there's been an investor who has been a particular influence or mentor in his...
February 01, 2008
Ready for Cheap Oil?The current trouble in global financial markets represents a correction in the overbought U.S. real estate market, but it is a more serious and broadly...
February 01, 2008
A Game Plan for LongevityAlexander Shaknovich doesn't break for lunch. A Harvard-MIT trained cardiologist, his career includes a position as Chief of Interventional Cardiology at New York Hospital-Cornell Medical...
January 18, 2008
Smith Barney Boosts Results, Lowers HeadcountRevenues at Smith Barney grew 27 percent in the fourth quarter of 2007, Citigroup has reported, driven by an 18 percent growth in fee-based and net interest revenues and a 43 percent increase in trans
January 15, 2008
Citigroup Posts Results and RevampThe stunning net loss of $9.83 billion reported for the fourth quarter by Citigroup Inc. (Citi) January 15, after writing down $18.1 billion in subprime and consumer credit exposures, underscores the depth and breadth of the credit and mortgage crisis.
January 10, 2008
Forecasters: The Economy Will Hold ... BarelyTwo economic experts are predicting the U.S. economy will cool this year without quite freezing."The big question today is whether the U.S. economy will face ...
January 06, 2008
What's Behind The Recent Momentum In SPIA SalesSingle premium immediate annuity (SPIA) sales are increasing faster than other fixed annuity markets. Why?There is now general agreement among academics, economists and most others ...