Economy & Markets
The important economic and stock market news that advisors need to know.
Bill Gross, PIMCO’s Intriguing Leader: 2014 IA 25 Profile
By Savita Iyer-Ahrestani"Treasure your pets and all living things. Eventually we all stop living," Gross wrote in a commentary after his beloved cat, Bob, died.
May 29, 2014
That $41 Trillion Wealth Transfer Now Officially $59 TrillionThe vaunted $41 trillion wealth transfer that is the subject of every advisor conference has been freshly updated: It has now reached $59 trillion.
May 29, 2014
FINRA Bars Ex-Wells Fargo RepMichael Frew may have set up a Ponzi scheme involving 30 investors and a man named Guido.
May 29, 2014
12 Best & Worst Broker-Dealers: Q1 Earnings, 2014This quarter saw surprising performance dips and peaks across the financial sector.
May 29, 2014
FINRA Warns on Fake High-Interest CDsFINRA investor alert provides list of red flags that indicate a fraudulent CD offer.
May 28, 2014
Thomas Piketty: Pinko or Prophet?The obscure French economists call for large-scale wealth redistribution, and challenges to his data, have not stopped his book from topping the bestseller charts.
May 28, 2014
U.S. stocks drop, ending 4-day winning streakConsumer-discretionary stocks fell 0.4 percent for the worst performance among the 10 main S&P 500 industries.
May 28, 2014
Making Bonus Depreciation Permanent to Be Debated by House PanelMaking bonus depreciation permanent is the best option to spur investment, lift wages, grow the economy, create jobs and increase federal revenue, says Tax Foundation.