Economy & Markets
The important economic and stock market news that advisors need to know.
AIG Shareholders Still Want a Nicer Bailout
By Matt LevineWhy would anyone call Paulson, Geithner and Bernanke to testify on Delawares corporate governance standards for reverse stock splits? There's something else going on here.
October 14, 2014
Imminent End of QE in U.S. Spooks Global Fund ManagersFund managers confidence that the global economy would strengthen over the next 12 months plummeted to its lowest level in two years in October, a Merrill survey says.
October 13, 2014
Sluggish exchange plan users could face big 2016 tax billsSome users who now have subsidies may get automatically re-upped with no subsidies.
October 13, 2014
Fidelity Launches Actively Managed, Fixed Income ETFsFidelity Investments is expanding its ETF offerings with a suite of actively managed fixed income funds.
October 13, 2014
Janus Buys VelocityShares, Giving Gross Fixed Income ETF Launching Pad: MorningstarThe $30 million acquisition positions Janus within the rapidly growing rules-based and active ETF universe," says Janus Capital CEO Richard Weil.
October 13, 2014
PIMCO’s Q3 Outflows Top 5% of AssetsThe big bond shops AUM declined by about $23.5 billion after Bill Gross departed for Janus.
October 10, 2014
Natixis: Ebola Won’t ‘End the Capital Markets as We Know Them’David Lafferty, chief market strategist at Natixis Global, says U.S. economy remains strong despite market selloff and disturbing geopolitical events.
October 10, 2014
PIMCO’s New CIO Gives Global Outlook, Sees U.S. Energy as Key ToolCIO Scott Mather and Greg Sharenow say geopolitical volatility is slowing global economy but see U.S. energy as a stabilizing force.