Economy & Markets
The important economic and stock market news that advisors need to know.
UBS to Slash 10,000 Jobs
By Marlene Y. SatterThe actions are seen as a way for UBS to go "back to its roots" in the advisory business.
October 26, 2012
Great expectations for U.S. economy: Are Obama, Romney too optimistic?During a campaign, where do we draw the line between high hopes and puffery?
October 26, 2012
Obamacare Here to Stay Even With GOP Victory, Analysts SayRegardless of which party claims the greatest victory in November elections, Obamacare is likely to remain in place while the outcome of budget sequestration will be the key catalyst for the entire sector, Morningstar analysts say.
October 26, 2012
Spanish Unemployment Hits Record 25%Coming austerity cutbacks are expected to drive the rate even higher in the year to come.
October 25, 2012
New Retirement Pros; Clients’ Brains; Bill Good’s Cold Call Rewrite: November Research—SlideshowThe November cover story of Research magazine, "The New Retirement Pro," focuses on how to thrive in the growing and highly competitive field of retirement income advice. And Bill Goods column called "Cold Call Rewrite," he recasts cold call scripts advisors have used.
October 25, 2012
80 CEOs Urge Congress to Tackle Deficit, Raise RevenueWhat can get competitors to join hands? Deficit reduction, apparently.
October 25, 2012
Bernanke Wants Austerity, Just Not Now: Bob SeawrightEven if we dont go over the fiscal cliff at years end, the cries for governmental austerity will only grow louder.
October 25, 2012
Eurozone Private-Sector Lending DropsSeptember saw lending to private companies in the eurozone fall substantially, as businesses reined in the urge to borrow and lenders remained reluctant to shell out.