Economy & Markets
The important economic and stock market news that advisors need to know.
Apple in the Dow
By Tom NawrockiIn the specific case of Apple, there are reasons to believe that a Dow announcement would benefit the stock.
August 15, 2012
Economic Recovery is Weakest Since World War IIThe recession that ended three years ago this summer has been followed by the feeblest economic recovery since the Great Depression.
August 15, 2012
Greek Leader Said to Seek More Time to Meet Austerity GoalsPrime Minister Antonis Samaras of Greece hopes to achieve two objectives with eurozone policymakers: to assure them that he will carry out mandated austerity measures and to win more time to do so.
August 15, 2012
Spain Risks ECB Wrath With Unemployment ExtensionCalling the move just in a country with unemployment near 25%, Prime Minister Mariano Rajoy also said that he was still considering asking for help from Europe to combat cripplingly high bond yields.
August 14, 2012
Eurozone’s Inaction an Anchor Around the World’s NeckThe eurozone crisis continues to take a hard toll on the global economy, slowing growth in the United States, China and Japan.
August 14, 2012
Romney or Obama? LPL and FSI Polls DisagreeAs the presidential race heats up with Mitt Romneys choice of Paul Ryan as his running mate, polls from FSI and LPL have reached vastly different conclusions about who will win.
August 14, 2012
Equities Cult High Priest Malkiel Burns PIMCO’s Gross: Reducing Stocks Would Be ‘Huge Mistake’PIMCO Chairman Bill Gross launched a bond investors jihad recently with his remarks that the cult of equities is dying. Burton Malkiel, author of A Random Walk Down Wall Street, is the latest to fire back.
August 14, 2012
6 U.S. Cities on the Edge of a Fiscal CliffWith recent warnings and downgrades from Moodys, these municipalities may follow the likes of Stockton and Central Falls into bankruptcy.