Economy & Markets
The important economic and stock market news that advisors need to know.
4 Post-Election Fiscal Cliff Scenarios
By Joyce HansonWithin a day or two, we'll finally know who voters want in Washington, but we still won't know whether we're headed over the fiscal cliff. Here are four scenarios of what might happen.
November 02, 2012
SIFMA Elects New Officers to Municipal Securities DivisionStratford Shields of Morgan Stanley & Co. will serve as division chair, and Frank Fairman of Piper Jaffray & Co. and David Stephens of Bank of America Merrill Lynch & Co. will serve as vice chairs.
November 02, 2012
PIMCO’s El-Erian: 2 Things Government Must Do to Get Economy MovingPIMCOs CEO reacted to Fridays jobs report, noting that a disparity exists between households and the business sector.
November 02, 2012
Ahead of Election, U.S. Added 171,000 Jobs in OctoberJust four days before the presidential election, the BLS October jobs report showed unemployment notched up to 7.9% as employers added 171,000 jobs.
November 02, 2012
October's solid jobs report — and what it means for the presidential raceThe numbers benefit both candidates.
November 02, 2012
RBS May Face Fines on LIBORThe investigation of RBS by regulators in Britain and in the U.S. over the LIBOR rigging scandal could obscure the bank's performance.
November 02, 2012
China Construction Considering Dim Sum Bond IssueThe second largest bank in China is considering using London as the venue for an issue of yuan-denominated bonds for offshore sale.
November 02, 2012
Inshoring? China Builder Seeks Loan for Nevada ProjectIts the reverse of a trend seen all too often in the U.S.: a business expansion taking place offshore.