Economy & Markets
The important economic and stock market news that advisors need to know.
‘If You Want to Speculate, Don't Call Yourself a Bank’—TD Bank CEO
By John SullivanBloomberg TVs Erik Schatzker sat down with Edmund Clark, who calls himself an old-fashioned banker.
May 14, 2012
Senate Banking Committee to Hold Hearings on JPMorgan Loss, Other Key IssuesSen. Bob Corker called Friday for a hearing on the JPMorgan loss. The Banking Committee chairman said Monday the group would hold a series of hearings that will cover that situation, along with money-market funds and Dodd-Frank.
May 14, 2012
How Baby Boomers Are Stifling the Marketing Revolution (Fast Company)In the next decade, Generation Y will take over as the economic engine in the U.S. Boomers need to embrace change and learn how to market to a younger consumer.
May 14, 2012
Top Portfolio Products: Baird Launches Fund; Fidelity Adds TwoNew products introduced over the last week include a new small-cap value fund from Baird; two new funds from Fidelity; and three new investment managers and sixteen new funds for The Hartfords defined contribution retirement program offerings.
May 14, 2012
Talk of Greek Euro Exit Grows as Political Deadlock ContinuesMore than a week after elections brought anti-austerity parties to the fore, the task of brokering a compromise is in the hands of President Papoulias, who thus far has been as unsuccessful as the party leaders themselves.
May 11, 2012
Equity Losses Still LikelyStocks put in a valiant effort to rally on the back of better-than-expected PPI and consumer sentiment.
May 11, 2012
Zvi Bodie: I Bonds Are Best for Most InvestorsZvi Bodie, safe-investing proponent, says Series I savings bonds are the best investment for most people, yet few know about these inflation-protected bonds.
May 11, 2012
Markets Could Crash ‘Like in ’87,’ Faber SaysWithout further quantitative easing, U.S. market momentum could lose support and deteriorate, the investment guru predicts.