Economy & Markets
The important economic and stock market news that advisors need to know.
Critics Attack Dual Class of Manchester United Shares
By Marlene Y. SatterNot everyone is happy about the Manchester IPO scheduled for Friday. Critics are especially hard on the share structure, which allows the Glazers to remain in control.
August 07, 2012
July ETF Inflows Top $16 BillionThe top 10 fund families collected nearly 90% of total exchange-traded fund inflows.
August 07, 2012
CMS: Average Drug Plan Bid Amount Falls AgainMedicare managers have cut the 2013 Part D national average monthly bid amount 5.8%.
August 07, 2012
Congress’ Top 5 Pieces of ‘Unfinished Business’As Congress headed off for its August recess, quite a few tasks were left unresolved, with the biggest by far being legislation to avert the looming fiscal cliff.
August 07, 2012
Merk Funds’ President Calls Draghi ‘Pure Genius’Draghi told the world that the ECB will act like a central bank of a United States of Europe.
August 06, 2012
Knight Capital Debacle Underscores Technological Market RisksHow stable are the electronic trading markets? The Knight Capital glitch once again throws this into question into the limelight.
August 06, 2012
The Thrift Paradox: U.S. Savers May Be Happier, but the Economy SuffersConsumer spendingor more precisely, the lack of itcontinues to hamper the U.S. economy as Americans reconsider what it takes to make them happy.
August 06, 2012
America Needs a Fiscal Ladder, Not a Fiscal Cliff: J.P. Morgan Funds’ KellyThis ladder ought to be one where the deficit falls by about 1% of GDP per year, David Kelly, chief global strategist for J.P. Morgan Funds, said Monday.