Economy & Markets
The important economic and stock market news that advisors need to know.
PIMCO Accuses Bill Gross of Leaking Confidential Bonus Records
By Edvard Pettersson, John GittelsohnPIMCO escalated its court battle with Bill Gross by claiming he may have destroyed documents and leaked confidential pay information to the media.
September 14, 2016
Income liftoff shows the recovery is realThe median household income increased 5.2 percent last year, the largest single-year increase since record-keeping began in 1967.
September 14, 2016
Betterment Renames, Restructures Its Advisor PlatformBetterment Institutional becomes Betterment for Advisors and will offer ETFs from Vanguard and ETFs from Goldman Sachs.
September 13, 2016
Has the Bond Market Peaked?The broad strengthening this year in the bond market doesnt normally happen, and the market will recalibrate at some point, Schwabs Kathy Jones said.
September 13, 2016
Bill to Replace Dodd-Frank Passes House PanelDemocrats charge that Rep. Jeb Hensarlings Financial CHOICE Act would hurt investors by dismantling the CFPB.
September 13, 2016
Global Investors Hike Cash Levels in September: BofA Merrill LynchForty-two percent of global investors said high cash levels were a bearish view on markets.
September 13, 2016
Saudi Arabia Ousts U.S. as Biggest Oil Producer, IEA SaysU.S. output in August stood at 12.2 million barrels a day while Saudi Arabian production climbed to 12.58 million barrels a day the same month.
September 12, 2016
JPMorgan’s Dimon Says It’s Time for Fed to Raise Interest RatesJPMorgan Chase's chairman and CEO said a "return to normal is a good thing" in his call for a rise in interest rates.