Economy & Markets
The important economic and stock market news that advisors need to know.
Keynes vs. Hayek Smackdown: Battle Still Rages Between Long-Dead Economists
By Joyce HansonTo many market watchers, the fight of the century was the battle royale between economists John Maynard Keynes and Friedrich August von Hayek--and it's a fight that rages on though the opponents died years ago.
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.
February 02, 2012
ECB Likely to Wait for Debt Deal on GreeceAny concessions the European Central Bank may choose to make on Greeces sovereign debt are likely to remain unknown until Athens comes to some sort of agreement with its private debt holders.