Economy & Markets
The important economic and stock market news that advisors need to know.
Vatican Bank Faces Uncertainty in Wake of Scandals
By Marlene Y. SatterFailure to heed international regulations on money laundering and corruption can be hazardous to a banks health, even if your bank is called the Institute for the Works of Religion, aka the Vatican bank.
July 18, 2013
Ultrawealthy Investors Favor Stocks, Focus on Growth in 2013The ultra-affluent members of the Institute for Private Investors are bullish on equity markets and focused on growth rather than merely preserving capital, according to a survey released Thursday.
July 18, 2013
China's Growth Slowdown Is Not TemporaryBeijing's economic planners are in a bind, and the Party's latest attempt at reform will only stifle consumption and investment at least for the next two quarters. The long term outlook is no better.
July 17, 2013
Expat Americans, Foreign Banks Heave Under IRS PressureFATCA, newly delayed until July 2014, will require foreign financial institutions to report on U.S. citizens holdings or pay a steep withholding tax.
July 17, 2013
Bernanke Signals Flexibility on TaperingFed Chairman Ben Bernanke told lawmakers Wednesday that if the economy falls short of expectations, the Fed could change its tapering plans and even potentially increase purchases for a time.
July 16, 2013
European Banking Experience Pays Off for Corbeau and His ClientsJim Corbeau of Maas Capital has a different outlook on portfolio makeup than most of his peers.
July 16, 2013
S&P 500 Q2 Outlook: Shrinking Revenue, ‘Subpar’ Profit GrowthCorporations have needed to carefully manage costs and profit margins because of a year-over-year decline in revenue growth, says S&P Capital IQ's Robert Keiser.
July 16, 2013
What the Pros Expect From Stocks and Bonds for the Second HalfAfter six months of thrills and chills, the professionals at Envestnet | PMC share what theyre hearing from equity and fixed-income managers here and abroad.