Economy & Markets
The important economic and stock market news that advisors need to know.
Job Growth in June Disappoints, Continues Sluggish Pace
By Joyce HansonThe U.S. economy's addition of 80,000 new jobs in June disappointed analysts and drove the stock market downward even though the data showed that all of the new jobs came from the private sector.
July 05, 2012
Crowdfunding: What Could Go Wrong?Is the JOBS Acts embrace of crowdfunding a good idea? Is it what Congress meant to protect investors?
July 05, 2012
BlackRock’s Fink: U.S. Politicians ‘Snoring Away’ on Europe, EconomyFink says no full recovery in United States until 2014; adds that the resignation of Barclays Diamond is sad for me.
July 05, 2012
Barclays’ Diamond Blames Libor Fixing on Other Banks, RegulatorsMoodys cuts Barclays' outlook; investors may be on the hook for losses.
July 04, 2012
Bank of England Implicated by Barclays in Libor FixingDocuments released by the bank indicate that he may have been given tacit approval by Paul Tucker, deputy BoE governor, to adjust Libor rates to be more in line with other banks after Whitehall expressed concern lest Barclays appear to be in trouble.
July 03, 2012
Is Everything for Sale?"Do we want a society where everything is up for sale, or are there certain moral and civic goods that markets do not honor and money cannot buy? asks Michael Sandel, author of the new book "What Money Can't Buy: The Moral Limits of Markets."
July 03, 2012
Energy Prices Headed Up: T. Boone PickensNatural gas and crude oil prices should increase somewhat over the next six months, the billionaire energy investor says.