Economy & Markets
The important economic and stock market news that advisors need to know.
China May Form More Credit Ratings Agencies
By Marlene Y. SatterThe head of the People's Bank of China said Sunday that the financial institutions should reduce their reliance on foreign credit-rating agencies and that the nation is considering forming its own such entities which would be backed by the government.
December 23, 2011
Stocks Rise; S&P Turns Positive for 2011Stocks rose in quiet, pre-holiday trading Friday. The S&P 500 index turned positive for the year.Traders were relieved by news that Congress extended a payroll tax holiday for workers and emergency unemployment benefits.
December 23, 2011
Stocks Rise; S&P Turns Positive for 2011Stocks rose in quiet, pre-holiday trading Friday. The S&P 500 index turned positive for the year.Traders were relieved by news that Congress extended a payroll tax holiday for workers and emergency unemployment benefits.
December 23, 2011
12 Days of Christmas Gifts Top $100,000The cost of the items in 'The Twelve Days of Christmas' has risen past the $100,000 mark for the first time.
December 23, 2011
Congress Approves Two-Month Payroll Tax Cut ExtensionFollowing House GOP change of heart, bill approved by both Houses in Dec. 23 pro forma sessions.
December 23, 2011
Austria Stable at AAA: Moody'sMoody's kept Austria's credit rating stable at AAA on Friday, but warned about the effects of the debt crisis not just on Austria but also on other euro zone countries.
December 22, 2011
A Christmas Song for AdvisorsOh, nimble sells, closing bellsNimble all the way!Oh, what fun it is to tradeAmid volatility!
December 22, 2011
Survey Shows Many Advisors Grew in 2011, Despite VolatilitySEI Quick Poll of advisors poll found that 40% boosted their firms' net new assets by more than 10% in 2011, and 12% expanded their practices by more than 20%.