Economy & Markets
The important economic and stock market news that advisors need to know.
Nomura May Buy Asian Investment Firm or Broker
By Marlene Y. SatterNomura Holdings may be pulling back on the global stage, but its looking for ways to boost its presence in Asia to take advantage of the regions growth and its rising coterie of affluent individuals.
September 06, 2012
Is SEC Really Too Cozy With Wall Street?Revelations of the close ties between a former SEC commissioner and key SEC policymakers are reviving questions about a so-called revolving door in which the lure of future high-paying jobs may improperly influence government decisions.
September 06, 2012
7 U.S. Presidents Who Flopped FinanciallyBecoming president doesnt mean youre as successful with your money as with your career. AdvisorOne spotlights seven who flopped financially.
September 06, 2012
Investors, Tune Out ‘Election Noise’ and Focus on Long Term: Wells Fargo Advisors ReportInvestors would be wise to tune out the election noise and any short-term market gyrations and focus on their long-term investment strategy, a new report by Wells Fargo Advisors says.
September 06, 2012
Robert Neuwirth: The power of the informal economyIs it time to start paying attention to an economy that employs roughly 25% of the world?
September 06, 2012
Nomura to Scale Down Global PresenceThe Japanese brokerage firm Nomura Holdings plans to seek nearly half of a planned $1 billion in savings from cutting European and Middle Eastern operations, with the rest to come from the Americas and Asia.
September 06, 2012
ECB Holds Rates as Draghi Reveals PlanThe ECB held interest rates where they were as its president, Mario Draghi, presented his bond-buying plan designed to save the euro.
September 06, 2012
Gold Up on ECB HopesFor the first time since March, the price of gold rose above $1,700 per ounce on hopes that the ECB would announce a plan for unlimited purchase of sovereign bonds as a means of combating the financial crisis.