Economy & Markets
The important economic and stock market news that advisors need to know.
Bloomberg to Meredith Whitney: Where Are the Defaults?
By John SullivanThe predictin’ business ain’t easy. Star analyst Meredith Whitney made the bold call eight months ago that a record number of municipal defaults would occur, as state and locals governments struggled to shore up their balance sheets.
July 15, 2011
PIMCO’s Gross Warns, Don’t Mess With Debt Ceiling—Raise ItGross calls out Washington politicians for the game of chicken they’re currently playing with America’s finances.
July 14, 2011
Fareed Zakaria to keynote IRI 2011Fareed Zakaria, host of CNN's "Fareed Zakaria GPS," has just been announced as the keynote at the Insured Retirement Institute's 2011 annual meeting, Oct. 2-4 in Boston. For more information, click the headline.
July 14, 2011
What's Next for PIMCO Total Return?S&P mutual fund analyst Todd Rosenbluth looks at PIMCOS's upcoming ETF version of its Total Return offering.
July 14, 2011
Peter Schiff Slams Bernanke as Fed Chief Warns on Debt Ceiling at SenatePeter Schiff slammed Federal Reserve Chairman Ben Bernanke who told the Senate Banking Committee on Thursday that not raising the debt ceiling would cause the deficit to rise.
July 14, 2011
Italian Bond Rate Jumps at AuctionItaly was forced to pay record yields on bonds sold at auction on Thursday.
July 14, 2011
Q2 Earnings: JPMorgan Earns $5.4 Billion in Profits Despite Lingering Mortgage IssuesJPMorgan CEO Jamie Dimon reported a solid performance for Q2 2011 despite lingering mortgage and credit concerns. The asset management unit saw a 28% jump in pay and headcount.
July 14, 2011
Q2 Earnings Outlook: Financial Firms’ Reporting Season Off to Good StartBut with new rules hitting banks, corporate results could face headwinds in the second quarter of 2011.