Economy & Markets
The important economic and stock market news that advisors need to know.
Silver Hits Snag, Drags Gold Down
By Marlene Y. SatterLosing 14% in the past four days, silver felt the pain of a correction that brought gold along for the ride.
May 03, 2011
George W. Bush, Gordon Brown to Speak at Pershing Insite 2011Former President George W. Bush and former U.K. Prime Minister Gordon Brown will speak at the Pershing Insite 2011 conference in Florida June 8 to 10.
May 03, 2011
Power an Issue for Japan: Moody’sDisruptions in its power supply and the potential for government assistance for Japan’s Fukushima power plant operator, coupled with uncertainty surrounding the cost, could translate to additional problems for the fiscal health of the country, said Moody’s Investors Service on Tuesday.
May 03, 2011
Greece Says No to Restructuring DebtA year and a day ago, Greece received a bailout from the EU and the IMF, and since that time the cost of borrowing money has risen steadily for Athens, with the yields on 10-year bonds standing currently at 15.5%—almost 12% higher than the yield on equivalent German Bunds.
May 02, 2011
Stocks: Over-Loved and Under-Valued?The gap between projected 12-month profits and average earnings over the last 10 years is set to widen the most since 1951
May 02, 2011
How PIMCO Will Structure Its Total-Return ETFThe new ETF is considered a hedge fund with mutual fund packaging.
May 02, 2011
Robert Pozen, MFS Investment Management: The Extended 2011 IA 25 ProfileNot content to rest on his laurels as MFS Investment Management chairman emeritus, Bob Pozen is a senior lecturer at Harvard Business School and a senior fellow at the Brookings Institution.
May 02, 2011
Osama Bin Laden Killing Makes Little Impact on Oil, Gold, U.S. StocksAfter the U.S. militarys daring raid that killed Osama bin Laden on Sunday, Americans spilled into the streets, but on Monday, the markets reacted to the news with little fanfare.