Economy & Markets
The important economic and stock market news that advisors need to know.
SIFMA’s Ryan Renews Dodd-Frank Support but Scoffs at Volcker Rule
By Joyce HansonNo one can be happy with where reform stands, said Ryan on Tuesday at SIFMA's annual meeting in New York. Chairman Chet Helck spoke about the emotional side of the beleaguered finance industry.
October 23, 2012
Downgrades Drive Spanish Bond Yields HigherFive regions in Spain were hit by ratings downgrades by Moodys, sending yields higher and prices lower on Spanish bonds at a Tuesday sale. The Spanish economy also showed further contraction.
October 23, 2012
Billionaire Ross Looks at Spanish BanksBillionaire 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
Bill Gross Slams Fed ‘Merry-Go-Round’ PolicyBill Gross is again making waves (or tweets) ahead of the Federal Reserves much-anticipated statement set for later this week.
October 22, 2012
CFPB Proposes to Ease Credit Card Access for Stay-at-Home SpousesThe bureau's fix would clarify a CARD Act rule that is intended to protect college students but has ensnared non-income-earning spouses and partners.
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.