Economy & Markets
The important economic and stock market news that advisors need to know.
PIMCO’s El-Erian: ‘Bumpy and Volatile’ Week Ahead
By Marlene Y. SatterPlunging European markets and a loss of control by the European Central Bank over the sovereign bond market in the euro zone foretell a difficult post-Labor Day market in the U.S., said PIMCO's Mohamed El-Erian in a commentary on Monday.
September 05, 2011
Solar Offers Opportunity Despite SetbacksDespite setbacks and stiff competition from China and Europe, the U.S. solar industry is still thriving.
September 05, 2011
Climate Change Endangers Insurance Industry: CeresInsurers are failing to adequately plan for climate change risks, according to a report by Ceres, thus endangering not only the consumers and businesses that depend on them but also their own survival.
September 02, 2011
PIMCO’s Gross: ‘Almost Suicidal’ to Focus on Debt Instead of GrowthGovernments should be focusing on creating growth rather than reducing debt, PIMCOs Bill Gross said Friday. To [focus on reducing debt] right now is almost suicidal, he said in an interview on Bloomberg Radio.
September 02, 2011
Can Bank of America Survive Another Beating?The once nearly orphaned Merrill Lynch is BofAs most successful business unit and it is its corporate parent that looks to be near the precipice.
September 02, 2011
Insurance, Muni Bonds Not Dampened by IreneHurricane Irene may have roared up the coast last weekend, but she did not leave complete financial wreckage in her wake. Neither the insurance industry nor the municipal bond market was devastated, despite the billions of dollars in damage.
September 02, 2011
CFTC Set to Review Two Proposed RulesThe Commodity Futures Trading Commission plans a public review next week of two proposed rules as it implements the requirements of the Dodd-Frank law's timetable.