Economy & Markets
The important economic and stock market news that advisors need to know.
Vanguard Switches Benchmark, Drops Fee for World Fund
By Janet LevauxThe fund giant moves its Total World Stock Index Fund to the FTSE Global All Cap Index
December 19, 2011
Euro Zone Solution ‘Technically and Politically Beyond Reach’: FitchFitch Ratings on Friday advocated deeper involvement by the European Central Bank, something that Germany has been fighting against.
December 19, 2011
Moody's Downgrades BelgiumBelgium saw its credit rating cut Friday by two notches, as Moody's said that the debt crisis in the euro zone was increasing risk for all countries carrying a heavy public debt burden.
December 16, 2011
World’s Economic Ills Weigh on America’s Fragile Recovery: News AnalysisAlready visible perils in two of the worlds major economic centers would seem to have more power to drag down the American economy than a still fragile U.S. has to lift an interdependent global economy.
December 16, 2011
SEC to Get $136M Increase Under New Spending Bill for 2012Bipartisan deal to avert government shutdown includes $1.3 billion in funding for the SEC in 2012, but $25 million cut from Dodd-Frank reserve fund; extension of payroll tax cut still up in the air.
December 16, 2011
Italian Prime Minister Snipes at MerkelItalian Prime Minister Mario Monti warned European policymakers against dividing the region in their pursuit of a solution to the debt crisis.
December 16, 2011
S&P, Fitch Cut Ratings of 17 Banks in U.S., EuropeS&P clips 10 in Spain, Fitch hits BofA and Goldman.
December 16, 2011
Deutsche Bank Selling Chunk of Asset Management BusinessThe decision to sell was made in the wake of a strategic review of the business that was spurred by changing conditions within the industry that included regulatory reforms.