Economy & Markets
The important economic and stock market news that advisors need to know.
Euro Falls on Spanish Debt Worries
By Marlene Y. SatterThe euro fell against its peers for the second day in a row on Monday in advance of planned Spanish debt sales, and fell below $1.30 for the first time in two months in morning trading.
April 13, 2012
George Soros: Euro Crisis Is Now ‘More Lethal’Echoing more and more observers and market participants, famed hedge fund manager George Soros cautions that the financial crisis is not over and sustained global growth remains fragile.
April 13, 2012
Why You Shouldn't Trust Washington or Wall Street, Part 1If youve ever listened to Wall Street analysts, economists, and politicians, you will have noticed something they would be quite hesitant to admit: they are often dead wrong in their stock market and economic predictions.
April 13, 2012
JPMorgan, Wells Fargo Beat Views as Q1 Earnings Season Kicks OffThe finance sector on Friday launched the first-quarter 2012 earnings season with unexpectedly good results from JPMorgan Chase and Wells Fargo.
April 13, 2012
It’s Beginning to Look a Lot Like 2011Echoing warnings by the hedge fund manager George Soros and the WTO, the Financial Times points to similarities in market moves over the past three years.
April 13, 2012
ECB Will Buy Bonds, Not Make Loans: EconomistsThe ECB is more likely to resume buying up sovereign bonds than it is to make any more cheap long-term loans, according to a poll of economists.
April 13, 2012
China Growth Slowest in Almost Three YearsChina's economy is still slowing, hitting its lowest growth rate in almost three years, with the first-quarter rate prompting fears that additional government intervention might be necessary to halt its downward slide.
April 12, 2012
S&P 500 Will Drop 43%: ShillingMoney manager, economist and AdvisorOne contributor Gary Shilling is out with another bold prediction, one that might have legs. Shilling says that the S&P 500 will drop 43% from its recent level this year.