Economy & Markets
The important economic and stock market news that advisors need to know.
Fiscal Cliff Is Higher Than You Think: BofA-Merrill
By Joyce HansonTaxpayers may have to leap off the fiscal cliff on Jan. 1, 2013, unless Obama and Congress act together.
June 29, 2012
SEC, NASAA to Small Businesses: Hold Off on CrowdfundingState regulators warned small businesses that they should wait until the SEC has finalized its crowdfunding rules before offering shares in their ventures for public sale.
June 29, 2012
EU Reaches Debt DealEU leaders announced that they had reached agreement on a number of provisions to combat the debt crisis, including a plan to recapitalize banks directly and easier terms for Spanish borrowing.
June 29, 2012
RBS Next to be Fined in LIBOR-Rigging SchemeThe inquiry into a LIBOR-rigging scheme looks set to claim another quarry as RBS will reportedly be fined about 150 million pounds.
June 28, 2012
Seniors: What's Your Biggest Objection to Using an Advisor?Too many senior consumers choose not to hire a financial advisor to help them sort out their assets and retirement. We asked a group of seniors about those objections.
June 28, 2012
Affluent a Bit More Confident, but Very Concerned: Spectrem PollSimilar results of the Consumer Confidence Index survey show mixed sentiment in June
June 28, 2012
‘Living Wills’ Expose Banks’ Fragility, but Won’t Forestall DisasterSunday is the deadline for the biggest banks to submit "living wills" providing regulators a roadmap to break them up if the financial system is threatened. But Simon Johnson says the time to break up too-big-to-fail banks is now.
June 28, 2012
Reports of ‘Death of Equities’ Greatly Exaggerated: DFADimensional Fund Advisors vice president Weston Wellington found something awfully familiar about a recent article in the Financial Times.