Economy & Markets
The important economic and stock market news that advisors need to know.
SEC’s Schapiro Opposes Stopping Money Market Reforms
By Melanie WaddellDespite the deluge of comments opposing the SECs plans to soon issue a rule to further reform money market funds, SEC Chairman Mary Schapiro insisted Thursday that the funds still have structural flaws that must be addressed.
March 15, 2012
S&P Cracks 1,400 for First Time Since 2008On Thursday, the stock market cleared another barrier: The Standard & Poor's 500 index closed above 1,400 for the first time since June 2008.
March 15, 2012
S&P Cracks 1,400 for First Time Since 2008On Thursday, the stock market cleared another barrier: The Standard & Poor's 500 index closed above 1,400 for the first time since June 2008.
March 15, 2012
Blistering Criticism of JOBS Bill May Push Senate ChangesA House bill intended to benefit business startups and stimulate job creation has been so sharply criticized on its way to the Senate that opponents may prevail in strengthening consumer protections they say were trashed.
March 15, 2012
Fewer Seek Jobless Aid, Tying a 4-Year LowApplications for unemployment aid dropped 14,000 to a seasonally adjusted 351,000, the Labor Department said Thursday.
March 15, 2012
Advisors Bullish on Markets, While Clients More Positive on ReturnsThe latest Russell survey of advisors also finds they have different portfolio priorities than their clients.
March 15, 2012
How to Take Advantage of Irrational Stock BuyingAsk Ralf Scherschmidt if its a bad idea to invest right now in Europe, and hell tell you that most people are underinvested in international small-cap stocks because their emotions are overruling reason.
March 14, 2012
Nomura to Cut Fixed Income ManagersIn January Nomura saw the resignations of Jesse Bhattal, former deputy president and chief of wholesale banking, and Tarun Jotwani, who had led the global markets unit prior to its split.