Bill Gross compares Chinese economy to 'mystery meat'

<i>Breakfast with Benjamin:</i>The Bond King: China's a big risk. Plus: JPMorgan goes on a settlement binge, finance industry tells investors to stay calm, Obama administration catches a CBO boomerang, and some healthy balance sheets for the New Year.
FEB 13, 2014
  • Bill Gross calls China one of the biggest risks for global markets. The Bond King compares the slowing Chinese economy to bologna, as in nobody knows what's in there. ”The last wild card”
  • JPMorgan gets the green light to settle two lawsuits tied to the bank's relationship to Bernie Madoff's Ponzi scheme. It's amazing what a half billion dollars can buy these days. Turning a costly blind eye
  • In other JPMorgan lawsuit settlement news, the bank also agreed to pay $614 million to the U.S. government for its role in underwriting sub-standard mortgages. From blind eye to black eye
  • Global stock market meltdown got you down? Just chill and look on the bright side, says the banking and brokerage industry. Stocks just got less expensive
  • The Obama administration learns a hard lesson about relying too heavily on CBO reports. If you like your job, you can keep it. Live by the CBO, die by the CBO
  • Just in time for all those New Year's resolutions, here are seven healthy-living stocks with healthy returns on equity. Green investing

Latest News

Robinhood beats Q2 profit estimates as its business goes beyond YOLO trading
Robinhood beats Q2 profit estimates as its business goes beyond YOLO trading

Shares of the online brokerage jumped as it reported a surge in trading, counting crypto transactions, though analysts remained largely unmoved.

Dimon and Trump talk economy and Fed rates as meetings resume
Dimon and Trump talk economy and Fed rates as meetings resume

President meets with ‘highly overrated globalist’ at the White House.

NASAA moves to let state RIAs use client testimonials, aligning with SEC rule
NASAA moves to let state RIAs use client testimonials, aligning with SEC rule

A new proposal could end the ban on promoting client reviews in states like California and Connecticut, giving state-registered advisors a level playing field with their SEC-registered peers.

Could 401(k) plan participants gain from guided personalization?
Could 401(k) plan participants gain from guided personalization?

Morningstar research data show improved retirement trajectories for self-directors and allocators placed in managed accounts.

UBS sees a net loss of 111 financial advisors in the Americas during the second quarter
UBS sees a net loss of 111 financial advisors in the Americas during the second quarter

Some in the industry say that more UBS financial advisors this year will be heading for the exits.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.