U.S. equities cut their gains into the close on Wednesday after initially trading higher earlier in the session.
Investors were spooked by a warning from the Federal Reserve, in its latest meeting minutes, that tighter monetary policy than is justified by economic conditions is coming. Why? Because financial conditions — higher stock prices, lower bond yields, easy credit terms —....More>>>
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(Bloomberg) — Starbucks Corp. will provide Chinese workers with health insurance that extends coverage to their parents, a unique offering by the coffeehouse chain that may be used....More>>>
Procter & Gamble (PG) gave up its early gains and was trading lower Tuesday, despite reporting better-than-expected third-quarter earnings.
P&G said it earned 86 cents a share on revenue of $15.76 billion, while analysts were expected 82 cents a share on $15.82 billion. Its guidance for the fourth quarter and full year were in-line with expectations....More>>>
October 13, 2016: Markets opened lower Thursday following a weaker view on China’s trade balance joined with worries about the Fed and third-quarter earnings leave investors with the jitters. Citi, Wells Fargo, and JPMorgan all report quarterly results before the opening bell Friday. The financial sector was down about 1% late in the afternoon and gains in utilities and real estate were not....More>>>
China's local stock market has fallen for four consecutive weeks. Investors are spooked. And for good reason… China has been cracking down on speculation and financial leverage. And that has caused turbulence in the market. As Bloomberg reported over the weekend… The [Chinese government's] tightening campaign has erased at least $453 billion....More>>>