Economy & Markets
The important economic and stock market news that advisors need to know.
Obama adviser Obstfeld appointed as IMF’s next chief economist
By Brendan MurrayMaurice Obstfeld, a member of President Barack Obamas Council of Economic Advisers, will become the International Monetary Funds chief economist in September.
July 17, 2015
Wall Street worries just a bit of inflation will shock marketsIf inflation is the dog that didnt bark in recent years despite massive central bank stimulus, a mere whine might prove enough to rattle investors.
July 17, 2015
Top 20 States for Private Equity Investment in 2014Some 3,100 U.S. businesses benefited from private equity investments last year.
July 17, 2015
SEC Awards $3M to Whistleblower Who Helped Crack ‘Complex Fraud’The whistleblowers specific and detailed information laid out a scheme that would have been very difficult to detect, the SEC said.
July 17, 2015
Dollar emerges champion with Yellen cementing higher rates pathThe U.S. currency was little changed at 124.12 yen, about 1.4 percent from the 13-year high of 125.86 reached on June 5.
July 17, 2015
SEC Enforcement: Napkin-Eating Broker Settles; Ponzi Funds Used for PornAlso, a hedge fund manager admits to providing bad data, which affected recording of 552 million shares.
July 17, 2015
Schwab ‘Optimistic’ About Equities, Developed Markets in Second HalfIn a midyear market outlook, CIO Omar Aguilar expressed optimism for equities and developed markets while predicting a Fed rate hike in Q4.
July 16, 2015
Sticker Shock: 71% of Parents Say College Is Too CostlyCollege is absolutely necessary but at the same time unaffordable, says Brian Schwartz, an HSBC financial advisor.