Economy & Markets
The important economic and stock market news that advisors need to know.
A rumination on why we fight
By John SullivanWell, not fight really, but why we continue to make the case that capitalism and the free markets are not broken, and certainly not dead...
April 08, 2009
Insurance stocks rally following TARP announcementLife insurance stocks rallied this morning following word from the Treasury Department that it plans to offer bailout funds to struggling companies. Shares in this...
April 06, 2009
401(k)s show drop in stock exposureFor the first time in over a decade, American workers held less than half of their 401(k) money in stocks, according to findings from Hewitt...
April 03, 2009
Firms Form Income AllianceEnvestnet Asset Management Inc. will be marketing income annuities and stand-alone income guarantees from Nationwide Life Insurance Company.
April 02, 2009
Firms Form Income AllianceEnvestnet Asset Management Inc. will be marketing income annuities and stand-alone income guarantees from Nationwide Life Insurance Company.
April 02, 2009
Dow climbs more than 250 pointsBy 11:15 a.m. the Dow Jones Industrial Average was higher by more than 255 points or 3.5 percent, climbing over the 8,000 mark for the...
April 02, 2009
Swiss Re To Cut 10% Of WorkforceSwiss Reinsurance Company Ltd. says it will lay off about 1,000 of its employees and focus on its most profitable businesses.
April 01, 2009
A Guarded Return to Risk Taking: Searching for Alpha, April 2009With current rates extremely low, the pain of holding cash at zero yield may be enough to convince investors to take a chance with some of the more battered asset classes.