Economy & Markets
The important economic and stock market news that advisors need to know.
7 Businesses Saved From the Brink of Bankruptcy
By Dan BermanKeeping a company on top for decades is tough; turning it around is even harder. And, are they good bets for your portfolio?
September 14, 2012
South Korea Sees Third Rating UpgradeSouth Korea was given its third debt rating upgrade in less than three weeks as Standard & Poors raised it one step to A+, citing a lower risk on the Korean peninsula after a smooth change in leadership in North Korea.
September 13, 2012
Swiss Forecast Cut; Franc Cap RemainsThe Swiss National Bank has cut its growth forecast for the countrys economy, anticipating a bigger drop in consumer prices as well, and is holding firm on its cap on the francs growth against the euro.
September 13, 2012
Dutch PM Wins but Could Be Forced to Form CoalitionDutch Prime Minister Mark Ruttes Liberal Party emerged triumphant from the Netherlands election on Wednesday, defeating far-right euroskeptic voices, but he may need to form a coalition with the Labour Party, which finished only two seats behind his own.
September 13, 2012
Foreign Investment Law Closer to Reality in MyanmarMyanmar moved a step closer to clearing the way for foreign companies to invest in the long-cut-off authoritarian country.
September 13, 2012
Stock Picking Goes Social as Stockr, aSpark DebutCompliance issues be damned: tech entrepreneurs are moving full speed ahead into the finance space with social networking and mobile apps.
September 13, 2012
Fed Launches QE3 With Open-Ended Security PurchasesThe Federal Reserve has launched a third round of quantitative easing, pledging to expand its balance sheet by nearly a half a trillion dollars a year beyond existing commitments. An LPL analyst called the move "not very bold."
September 13, 2012
The end of growth?Here's a depressing fact you probably haven't heard before: From 1300 to 1750, the world saw zero economic growth.