Economy & Markets
The important economic and stock market news that advisors need to know.
Stark Advice on Risk Avoidance From a Leading Academic
By Gil WeinreichZvi Bodie counsels investors to play it safe amid withering criticism of advisory industry.
January 13, 2012
Investors Flee Stocks and Bonds, Stuff Cash in MattressesA new research report reveals that retail investors are pouring their income into bank savings and checking accounts and shunning stocks and bonds in near record numbersdespite all the Federal Reserve has done to entice them into risky assets.
January 13, 2012
Q4 Earnings: JPMorgan Profits Down 23%; Asset Management Off 40%In JPMorgan Chase's Q4 2011 earnings release, CEO Jamie Dimon highlighted the bank's loans to businesses and consumers rather than focus on poor trading conditions and lower revenues.
January 13, 2012
China Hoarding GoldA wave of Chinese gold buying has injected new life into gold traders, who are feeling bullish once again after the precious metal has begun to regain lost ground.
January 13, 2012
Rivals May Follow RBS Lead in Investment Bank CutsIn the wake of cuts announced Thursday by Royal Bank of Scotland Group that it will close or sell its equities, mergers advisory and equity capital markets businesses, slashing 3,500 jobs, other European banks may follow suit.
January 13, 2012
Chinese Cities Ordered to Set Caps on Greenhouse Gas EmissionsChina has ordered five of its cities and two provinces to set caps on their greenhouse gas emissions, preparatory to the opening of local carbon markets.
January 13, 2012
5 Top Tips for Pension Risk-ManagementA Mercer survey found a significant amount of concern among plan sponsors about their exposure to market risk, with 65% worried about the impact of future economic uncertainty and volatility.
January 13, 2012
Energy Market Imbalance Could Transform Entire IndustriesIn the last five years, the spread between oil and gas prices has materially widened, which potentially has far-reaching effects across a value chain that touches industries including energy, utilities, chemicals and transportation, not to mention geopolitics.