Economy & Markets
The important economic and stock market news that advisors need to know.
Billionaire Ross Looks at Spanish Banks
By Marlene Y. SatterBillionaire Wilbur Ross is considering adding assets from troubled large Spanish banks to his firms other bank holdings, and has said that he is in talks every week with bank representatives.
October 22, 2012
The Critical Election Question: Can We Spend Our Way Out of a Slump?For some, government spending is just what the doctor ordered when an economy falls on hard times. But is the doctor a quack or a genius?
October 22, 2012
Austerity, Losses Push Greece Toward DepressionAfter contracting 18.4% over the past four years, Greece's economy is on track to shrink another 4% in 2013, according to the IMF.
October 22, 2012
Foreign Exchange Market Backs Away From RiskThe practice of borrowing in low-yielding currencies to take advantage of higher yields in others is not as common as it has been.
October 19, 2012
Top Portfolio Products: Vanguard Introduces New Fund, ETFNew products introduced over the last week include a new short-term TIPS index fund and ETF from Vanguard and a suite of new and existing ETFs from iShares.
October 19, 2012
In Muni Sector, High-Yield Bonds Are Cooling, but State Bonds Are HotMunicipal bonds tied to the tobacco settlement have been hot lately, returning over 19% so far this year, but that doesnt mean investors should inhale, says an S&P analyst.
October 19, 2012
Pandit’s Exit Means End of ‘Shock and Awe’ Era: Bank AnalystThe heyday of volatility at the big banks could be replaced by a "boring" period, says SNL Financial's Nancy Bush.
October 19, 2012
India Set to Boost Gold ImportsImports of gold look set to climb after a long drought, as domestic bullion prices have fallen and the festivals that boost gold fever gear up and give a lift to investor and consumer interest.