Economy & Markets
The important economic and stock market news that advisors need to know.
U.S. Stocks are winning the asset race
By Staff WriterWho forgot to tell the U.S. stock market that the economy is struggling?
October 29, 2012
Ahead of Hurricane Sandy, Markets Shut Up ShopBoth the NYSE and Nasdaq were closed Monday due to the superstorm, though electronic trades continue on Arca, and SIFMA recommends bond market closure.
October 29, 2012
UBS to Slash 10,000 JobsThe actions are seen as a way for UBS to go "back to its roots" in the advisory business.
October 26, 2012
9 Things Successful People Do Differently: Harvard Business ReviewEven brilliant, highly accomplished people are pretty lousy when it comes to understanding why they succeed or fail, social psychologist Heidi Grant Halvorson says.
October 26, 2012
Affluent Feel Stuffed With Cash, Ready to Invest: UBS ReportAffluent and high-net-worth investors plan to boost their investments after the election, the poll finds.
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.