Economy & Markets
The important economic and stock market news that advisors need to know.
CMS: Average Drug Plan Bid Amount Falls Again
By Allison BellMedicare managers have cut the 2013 Part D national average monthly bid amount 5.8%.
August 06, 2012
Knight Capital Debacle Underscores Technological Market RisksHow stable are the electronic trading markets? The Knight Capital glitch once again throws this into question into the limelight.
August 06, 2012
The Thrift Paradox: U.S. Savers May Be Happier, but the Economy SuffersConsumer spendingor more precisely, the lack of itcontinues to hamper the U.S. economy as Americans reconsider what it takes to make them happy.
August 06, 2012
America Needs a Fiscal Ladder, Not a Fiscal Cliff: J.P. Morgan Funds’ KellyThis ladder ought to be one where the deficit falls by about 1% of GDP per year, David Kelly, chief global strategist for J.P. Morgan Funds, said Monday.
August 06, 2012
Facebook Bears Score BigShorting stocks requires nerves of steel, but when it pays, it pays big.
August 06, 2012
Knight Capital Blunder Hastens SEC Rulemaking on Exchange IntegrityAfter a computer mishap spewed orders through stock exchanges on Wednesday and led to a $440 million loss at market maker Knight Capital Group, the SEC is speeding efforts to require exchanges to ensure the capacity and integrity of their systems.
August 06, 2012
Warren Buffett Drops Consumer Stocks, Buys Into BanksBillionaire investor Warren Buffett backed away from stocks in the second quarter, reducing the companys holdings in consumer-products equities but investing more heavily in the finance sector.
August 06, 2012
Italy, Spain Resist ECB RequirementNeither Spain nor Italy is prepared to ask the European Central Bank (ECB) for aid in order for the ECB to begin buying their countries bonds. At least not yet.