Economy & Markets
The important economic and stock market news that advisors need to know.
Gross Owns Majority of Janus Bond Fund He Runs
By Miles Weiss, Bloomberg, Mary Childs, BloombergBill Gross and his family own 51.2% of the Janus Global Unconstrained Bond Fund after acquiring shares through brokerage accounts at Morgan Stanley and Schwab.
February 06, 2015
These are Americans' top 7 income sourcesAnnuities, IRAs and pensions all made the list.
February 05, 2015
GMO’s Inker: Ditch U.S. Stocks NowBen Inker says the firm is selling its "beloved" U.S. stocks; Jeremy Grantham says the Saudis will regret not cutting oil production.
February 04, 2015
Consumers show greatest confidence in financial sectors since 2008More than a third of consumers have a favorable view of the economy the highest rate measured following the Great Recession.
February 04, 2015
Consumers show greatest confidence in financial sectors since 2008More than a third of consumers have a favorable view of the economy the highest rate measured following the Great Recession.
February 04, 2015
Roubini, O’Neill: Oil Prices Will Rise Again SoonThe global economists disagree, though, on where oil prices will end the year.
February 04, 2015
Top 10 States With Most Millionaires: 2015Several states made big jumps on the list thanks to the oil boom, Phoenix Marketing found.
February 03, 2015
S&P to Pay $1.5 Billion Fine to US, States Over Mortgage Bond RatingsS&P will pay more than a years profit to settle suits that it inflated ratings on subprime-mortgage bonds.