Economy & Markets
The important economic and stock market news that advisors need to know.
CFPB Should Boost Consumer Data Protections: GAO
By Sabrina BachaiRepublican lawmakers say that the CFPB is overstepping its boundaries with "unwarranted" and "unwelcome" intrusion into personal consumer information.
September 22, 2014
Hong Kong-Shanghai ‘Through Train’ Opens Up Investment, Arbitrage OptionsHere's a move that marks yet another important step in Chinas goal of greater participation in the global financial markets.
September 22, 2014
Treasury, IRS Issue New Guidance to Curb Corporate Tax InversionsThe Treasury Department and IRS issued guidance late Monday to reduce the tax benefits of corporate inversions.
September 22, 2014
Global Billionaire Population at Record, With $7.3 Trillion in WealthBillionaires make up 1% of the worlds ultra-high-net-worth population, according to the Wealth-X and UBS Billionaire Census, yet they control 4% of wealth.
September 19, 2014
Are Risk Parity Funds Back on Track?Allocations based on risk can help boost portfolio diversification, one expert shares.
September 18, 2014
PIMCO’s ‘Secret’: Its Managers, Including Bill Gross, Still Trade DailyPIMCOs Jerome Schneider told Morningstar ETF conference attendees that the bond giant's portfolio managers, even CIO Gross, still spend much of their time trading.
September 18, 2014
BlackRock’s Koesterich: 3 Strong Headwinds Hampering U.S. EconomyAt Morningstar ETF conference, BlackRock and iShares chief investment strategist sees demographics, debt and wage stagnation keeping GDP growth in check.
September 17, 2014
Fed Keeps ‘Considerable Time’ Pledge as Growth Is ‘Moderate’The Federal Reserve maintained a commitment to keep interest rates near zero for a considerable time after asset purchases are completed.