Economy & Markets
The important economic and stock market news that advisors need to know.
Japan’s Softbank to Snap Up 70% of Sprint
By Marlene Y. SatterA domestic market in decline has prompted it to look elsewhere for growth, and the U.S. has become its target.
October 12, 2012
Do New Fannie-Freddie Bonds Signal Return of Asset-Backed Securities?Fannie and Freddie are unable to issue higher-yielding bonds because of an unintended effect of Dodd-Frank; an exemption would create a risk-sharing bond market that would benefit the mortgage giants.
October 12, 2012
Goldman President Cohn Will ‘Probably Read’ Op-Ed Writer’s Tell-All BookIs all forgiven? Probably not.
October 12, 2012
JPMorgan, Wells See Big Q3 Profits as Bank Lending ReturnsInvestors looking for good news found it Friday as JPMorgan and Wells Fargo both reported double-digit profits for the third quarter.
October 12, 2012
PIMCO’s El-Erian: Investors’ ‘Romance’ With Central Banks Won’t LastForget bubblesMohamed El-Erian notes that some argue the recent lackluster performance of global stocks is evidence that markets are "tenuously positioned" on an air pocket.
October 12, 2012
Lifetime income and the new economyIn turbulent times, lifetime income plans make sense on an emotional and sound financial planning level.
October 12, 2012
Maersk Cuts Shipping Again as Demand SlowsThe largest container shipping line in the world, A.P. Moeller-Maersk A/S, announced that it is cutting 19 ships from Asia-Europe trade lanes as demand falls and expenses rise.
October 11, 2012
Raymond James COO: Fiscal Year Results to Reflect Conservative CultureRJFS COO Dennis Zank positioned the firm as an antidote to out-of-control Wall Street growth for growths sake at the 2012 Raymond James Womens Symposium.