Economy & Markets
The important economic and stock market news that advisors need to know.
TD Bank Chief Economist: ‘Europe No. 1 Risk Facing Globe’
By John SullivanThe economy still has major imbalances to unwind, which will act as a drag on growth for the foreseeable future, says Craig Alexander, senior vice president and chief economist with TD Bank Group.
February 03, 2012
Economy Added 243,000 Jobs in January; Unemployment Rate Falls to 8.3%Unemployment is now at its lowest point since President Obamas first full month in office, and Fridays report is sure to win attention for Obama in his presidential bid for re-election in 2012.
February 03, 2012
Earnings Results: Aflac, Ameriprise, Assurant Genworth, Principal, SymetraAflac Inc., Columbus, Ga. (NYSE: AFL) reported fourth quarter 2011 revenue of $6.0 billion, a 12.9% rise compared with $5.3 billion in the fourth quarter of 2010. Net earnings totaled $546 million, or $1.17 per diluted share, compared with $437 million, or $.92 per share, a year ago.
February 03, 2012
Dick Cheney Criticizes Obama, Defends Record: TD Ameritrade ConferenceTD Ameritrade Institutional President Tom Bradley sat with former Vice President Dick Cheney at the companys annual conference Friday for an interview largely centered on foreign policy.
February 02, 2012
Dodd-Frank Imperfect, but ‘We’re Still Better Off’ Because of It: Sheila BairSpeaking at TD Ameritrade Institutional conference, former FDIC chair gets warm reception from advisors, and urges no change to Dodd-Frank's "too big to fail" changes.
February 02, 2012
Robert Gates’ Warning for the World: TD Ameritrade ConferenceFormer Defense Secretary Robert Gates opened his keynote speech at the TD Ameritrade annual conference Thursday in Orlando with a series of rapid-fire one-liners worthy of Henny Youngman.
February 02, 2012
CBO Dissects Earning Power of Government vs. Private WorkersOne way presidential candidates have suggested to cut the federal deficit is by cutting the number of federal employees, saying that they are more highly paid than their private-sector counterparts. A recent study by the Congressional Budget Office shows that this is only partly true.
February 02, 2012
Tokyo Exchange Error Causes ProblemsThe exchange suffered its first major technical problem in six years on Thursday morning, causing an inability to trade during earnings season.