Economy & Markets
The important economic and stock market news that advisors need to know.
6 U.S. Cities on the Edge of a Fiscal Cliff
By Dan BermanWith recent warnings and downgrades from Moodys, these municipalities may follow the likes of Stockton and Central Falls into bankruptcy.
August 14, 2012
Standard Chartered CEO Comes to New YorkPeter Sands, the CEO of Standard Chartered, is in New York and is prepared to attend a hearing ordered by the states Department of Financial Services on whether the bank should lose its charter to operate there.
August 14, 2012
PIMCO’s El-Erian Takes Issue With Paul Ryan’s Use of ‘New Normal’PIMCO CEO Mohamed El-Erian took to the pages of The Washington Post Monday to rebut (sort of) the use of the term "new normal" by Mitt Romney's vice-presidential pick, Rep. Paul Ryan.
August 13, 2012
What Bubble? Dividend Stocks Continue to Pay Off for Income Seekers: Global XDespite market buzz that dividend-paying stocks are nearing bubble-like proportions, investor demand keeps driving Global X Funds to create new income-producing ETFs, CEO Bruno del Ama said Monday.
August 13, 2012
Paul Ryan, Kingmaker?With the pick of Paul Ryan, Romney has shown that he is willing to make a risky, far-right candidate his running mate despite the possible alienation of independents and his partners polarizing budget blueprint.
August 13, 2012
Patton’s Fund Picks, Pt. 5: Specialty Bond FundsAdvisor Mike Pattons favorite mutual funds in the domestic convertible, high-yield and specialty bond spaces.
August 13, 2012
Custom TDFs Will Surge to $218B by ’16: CerulliThey could represent about 22% of target-date assets in four years, as investors seek to embrace alternatives and boost returns.
August 13, 2012
Baer Agrees to Buy Merrill Non-U.S. Wealth UnitsNeither analysts nor investors appeared enthusiastic about the move.