Economy & Markets
The important economic and stock market news that advisors need to know.
Top 16 Most Optimistic Countries in Europe
By Joyce HansonWhos feeling optimistic in Europe? It may be counterintuitive, but according to this Gallup poll, the most optimistic people are those who rate their current lives poorly.
July 30, 2012
Used Lamborghinis linger on H.K. lots amid lull (Bloomberg)The economy cant be completely to blame. More than 270 new luxury vehicles were sold in the first half of 2012, which outpaced the 23% gain in the U.S.the worlds richest nation.
July 30, 2012
Eurozone Confidence Falls AgainEconomic confidence throughout the eurozone fell in July, reaching its lowest level since September 2009, and business confidence also headed lower for the fifth straight month as the eurozone crisis dragged on.
July 30, 2012
Top 10 Biggest U.S. Banks in 5 Key Reputation CategoriesDix & Eaton, a communications consultancy, ranked the nations largest bank holding companies in each of the five critical categories, like ROI and image, that determine reputation.
July 30, 2012
Draghi, With Credibility at Stake, Ups Ante in Debt FightECB President Mario Draghi is upping the ante after saying last week he would do "whatever it takes" to preserve the euro.
July 27, 2012
GDP Suggests Time’s Running Out for ObamaTodays market rally is probably due to traders gaming Obamas decreasing chances for a second term.
July 27, 2012
Draghi’s Dilemma: ‘Whatever it takes’ Could Alienate Fellow ECB MembersMario Draghi, president of the ECB, may have painted himself into a corner with his London speech on Thursday promising to do whatever it takes to rescue the euro.
July 27, 2012
Criminal Probes Start in LIBOR ScandalThe LIBOR scandal churned on; criminal probes were launched by the U.K.s Serious Fraud Office (SFO) while in the U.S., the Justice Department prepared to file charges.