Economy & Markets
The important economic and stock market news that advisors need to know.
Fed Says Economy Rebounding as It Trims Bond Purchases
By Jeff Kearns, BloombergThe FOMC trimmed bond-buying by $10 billion for a fifth straight meeting, to $35 billion, staying on pace to end the program late this year.
June 17, 2014
Retirees Suffer as 401(k) Rollover Boom Enriches BrokersA three-month Bloomberg investigation found that former employees at major companies say sales reps lured them into rolling their 401(k)s into unsuitable investments.
June 17, 2014
Economists Lower Growth Estimates Ahead of FOMC MeetingSIFMA's Diane Swonk cites geopolitical risk and consumers stuck shouldering the burden of growth as headwinds.
June 17, 2014
2 Superstar SMA Managers Talk Energy, Global StocksWhile an air of caution surrounds international markets, the real action is at home in the blazing U.S. energy renaissance, two award-winning money managers said.
June 16, 2014
Investors Take Notice: Victorious ANC Focusing on South Africa’s EconomyThe election results have clearly shown that the partys support is waning, as many South Africans have become increasingly frustrated with the ANC.
June 16, 2014
U.S. stocks rise as corporate deals, economic data offset IraqU.S. stocks rose, in part due to data showing a faster-than-forecast rise in industrial output.
June 16, 2014
U.S. stocks rise as corporate deals, economic data offset IraqU.S. stocks rose, in part due to data showing a faster-than-forecast rise in industrial output.
June 16, 2014
New Fund Capitalizes on Shale Oil RevolutionThe shale oil boom is only growing, but the limited number of companies providing pipelines and storage facilities offer an opportunity to own "regulated monopolies."