Economy & Markets
The important economic and stock market news that advisors need to know.
Senators Introduce Ex-Patriot Act to Tax Those Who Move Abroad
By Melanie WaddellTwo senators push Act, which was prompted by Facebook investor's renunciation of U.S. citizenship, possibly to dodge $67 million in taxes before IPO.
May 16, 2012
Franklin Templeton: Over Half of Americans View Stocks as RiskyAsked to apply their current risk appetite to their investment allocation plans, 43% of U.S. respondents indicate they would seek to adjust their portfolio to be more conservative this year, while 19% would seek to be more aggressive.
May 16, 2012
France, Germany Talk Growth as Greece TeetersThe newly elected French president, Francois Hollande, met with Chancellor Angela Merkel of Germany to discuss the possibility of growth measures as they sought a way out of the Greek debt debacle.
May 15, 2012
Krawcheck Weighs In on JPMorgan DebacleControversial industry executive asks what happens when high-return bank businesses go bad.
May 15, 2012
Reporting From Europe: Impact of Likely Greek Default, Exit From Euro ZoneIf Greece defaults, it will cost 425 billion euros and may precipitate further exits from other highly indebted euro zone nations.
May 15, 2012
Greece Calls New Elections After Coalition Talks FailGreece will hold new elections after the three major parties and President Karolos Papoulias failed to form a governing coalition that could agree on how to handle the country's debt burden.
May 14, 2012
London Whale Steers Clear of J.P. Morgan Asset ManagementTrader Bruno Iksils losses dont appear to have hurt the fund business at J.P. Morgan Asset Management.
May 14, 2012
Volcker Rule Untenable? Analyst Says JPMorgan’s Failed Hedge Is ProofIn the immediate aftermath of JPMorgan's $2 billion trading loss, both conservative and liberal voices have been heard calling for tighter regulation, but Peter Wallison makes the opposite case.