Economy & Markets
The important economic and stock market news that advisors need to know.
Doomsayers Wrong on Last Year’s Debt Downgrade
By John SullivanWarnings last August of an unprecedented financial crisis accompanied by fire and brimstone appear to have been wrong.
July 16, 2012
Greek Bank Head Took Secret Loans to Finance Bank StakeGreeces fiscal troubles seemed to grow deeper with the revelation that companies owned by Piraeus Banks chairman and his children took out secret loans from a rival bank to pay for Piraeus shares.
July 13, 2012
Q2 Earnings Kickoff: JPMorgan Down, Wells Fargo Up and Markets Heave Sigh of ReliefFriday the 13th was lucky for JPMorgan and Wells Fargo as both banks stocks rose higher despite dark news that preceded their Q2 earnings reports.
July 13, 2012
Top 25 ‘Heroic’ U.S. Companies That Invest in U.S.The Progressive Policy Institute released its list of companies that are betting on America by making significant domestic capital expenditures.
July 13, 2012
PIMCO’s Gross Sees Jump in Jobless Rate Next YearWhat happened to his optimism? PIMCO Chairman Bill Gross, traditionally a Fed cheerleader, increasingly doesnt like what he sees.
July 13, 2012
Top Portfolio Products: AQR Capital Launches Defensive FundsIn addition, AdvisorShares and Roger Nusbaum teamed up on a new actively managed ETF and ALPS launched a Dogs of the Dow ETF.
July 13, 2012
Italy’s Bond Yield Falls at Sale Despite Moody’s CutItaly passed a market test on Friday after a Moodys downgrade that its industry minister called unjustified.
July 12, 2012
AdvisorOne’s 2012 Q2 Earnings Calendar for the Finance SectorAdvisorOne presents a calendar marking expected Q2 earnings dates for firms of greatest interest to financial advisors.