Economy & Markets
The important economic and stock market news that advisors need to know.
U.S. IPO Volume Surges in Q2
By Michael S. FischerThe U.S. IPO market perked up smartly in the second quarter, PwC reported.
July 10, 2015
Wells Fargo Grabs Morgan Stanley, Merrill Reps as Raymond James Nabs UBS TeamThe four new Wells Fargo advisors come on board with some $900 million in assets; the new RJ group has some $300 million.
July 10, 2015
Yellen Maintains Outlook for First Fed Rate Hike in 2015But "unanticipated developments could delay or accelerate this first step," the Fed chief said.
July 10, 2015
Largest global pension fund posts record gain as stocks riseJapan's Government Pension Investment Fund delivered a 12 percent return in the year ended March 31.
July 10, 2015
Largest global pension fund posts record gain as stocks riseJapan's Government Pension Investment Fund delivered a 12 percent return in the year ended March 31.
July 09, 2015
Greece “No” Vote on Bailout has Wide ImplicationsLast Sunday Greeks took to the polls and delivered a strong vote against a continuation of troika-imposed austerity measures.
July 09, 2015
Gundlach: Less Than 25% Chance of Fed Rate Hike in SeptemberThe DoubleLine CEO sees lots of volatility around and maintains his long-held belief that Greece will exit the euro.
July 09, 2015
Presidential Candidate O’Malley Unleashes Wall Street Crackdown ManifestoThe 10-page manifesto by former Gov. Martin O'Malley of Maryland promises to boost regulators' budgets and punish misbehaving banks more harshly.