Economy & Markets
The important economic and stock market news that advisors need to know.
Froehlich Sees Europe, China Shaking Up Economy—In a Good Way: ASPPA Summit
By Danielle AndrusBob Froehlich, executive vice president and chief investment strategist for The Hartford, sees Europe avoiding recession and China resolving its food inflation issues, he said at the 2012 ASPPA 401(k) Summit on Monday.
March 20, 2012
IMF: Greece Will Need Third Bailout in Debt WritedownsLast week Greece was granted a massive bailout for the second time, after winning hard-fought concessions from its private debt holders and pushing through additional unpopular austerity measures. This week the IMF said it expected Greece to need additional funding or more debt restructuringin effect, a third bailout.
March 20, 2012
FINRA Fines Citigroup Arm Over Corporate Bond TransactionsFINRA on Monday fined Citi International Financial Services $600,000 and ordered more than $648,000 in restitution and interest to more than 3,600 customers for charging excessive markups and markdowns on corporate and agency bond transactions.
March 20, 2012
Bonds Still Going Strong; Equity Flows Bounce BackBond inflows just set a weekly record at close to $7.6 billion, despite signs that some fixed-income returns are faltering, EPFR Global said Monday.
March 19, 2012
Santorum: "Issue in This Race Is Not the Economy"Republican presidential candidate Rick Santorum says the issue in the presidential race is not the economy but an oppressive government that's taking away people's freedom.
March 19, 2012
Apple Announces Dividend, Share BuybackApple Inc. announced its first dividend since 1995, a move long-awaited by individual investors and many mutual funds as the company neared a record $98 billion in cash.
March 19, 2012
Cohen & Steers Expands With Inflation-Sensitive Hard Assets FundAlong with its investment expertise in REITs, the new fund features gold, commodities and natural resources, along with short-term currency instruments, designed to "overcome the corrosive effects of inflation."
March 18, 2012
Yorkville Shares New MLP Performance Benchmarks, StatisticsAll MLP sectors have outperformed the S&P 500 on a total return basis over the past five years, with low beta.