Economy & Markets
The important economic and stock market news that advisors need to know.
Oil Holds Above $50; Market Awaits Output Deal
By Jessica Summers, BloombergRussia minister says production could rise to a record in 2017; committee to meet in Vienna this month to discuss output cuts.
October 20, 2016
Prudential’s Sullivan exits $652 billion bond unit he builtSullivan built assets under management from $100 billion in 1999 and increased client relationships tenfold.
October 20, 2016
Vanguard Sees Flood of Advisor Assets, Now at $1.3 TrillionMoney from brokers and independent advisors now account for about one-third of Vanguards total assets and about 50% of this years inflows.
October 20, 2016
El-Erian Holds 30% in Cash as Central Banks Distort MarketsThe former co-CEO of Pimco sees "enormous risk" in financial markets due to distortions caused by central bank policies.
October 20, 2016
L Bonds: The High-Yield Alternative Asset You Probably Never Heard OfGWG Holdings L bonds are yielding 5.5%-8.5% for maturities from two to five years, but the bonds are unrated and illiquid.
October 20, 2016
Bernanke: Americans Better Off Today Than 10 or 20 Years AgoHowever, the former Fed chairman and Brookings analyst Peter Olson note that the pace of economic growth has slowed.
October 19, 2016
6 Companies With the Best Retirement PlansThese companies offer their employees a chance at a good retirement, in ways that range from pension plans to generous matching 401(k) contributions.
October 19, 2016
Worried about the U.S. presidential election? You’re not aloneThe November vote notwithstanding, CFOs and finance professionals are confident about the economic outlook, largely due to their faith in an anticipated Federal Reserve interest rate hike.