Economy & Markets
The important economic and stock market news that advisors need to know.
Europe Approves Gradual Embargo on Iran's Oil
By Marlene Y. SatterEuropean governments have approved an embargo on Iranian oil to pressure that country to cease its nuclear program. However, they advocated a gradual phase-in of sanctions because of the toll the debt crisis is taking on the European economic situation.
January 20, 2012
RIAs Seeking More Risk in Fixed-Income ETFs: SchwabRIAs looked for safety in their fixed-incom ETFs in 2011, but this year they may be willing to take on more risk, said Charles Schwab analysts in an ETF update on Friday.
January 20, 2012
Roubini, Bremmer Sound Off on Global Economy, IranNew York University's Nouriel Roubini and Eurasia Groups Ian Bremmer spoke with Bloomberg Television's Margaret Brennan about the state of the global economy.
January 20, 2012
Lagarde Warns of Dangers of Cuts Before DavosAhead of the meeting of policymakers in Davos next week, Christine Lagarde, managing director of the International Monetary Fund joined with members of the Global Issues Group of the World Economic Forum to warn against policies that aim only for cuts and jeopardize chances for economic growth.
January 20, 2012
European Banks Could Face Downgrade: Moody'sMoody's Investors Service said that many European banks and global investment banks could be in for downgrades, and that it plans to place a number of them on review by the end of March.
January 19, 2012
I Bet You Never Thought This Would HappenGambling on the next big technology investment is tempting, but remember this: over the past 30 years, bonds have outperformed stocks.
January 19, 2012
Obama’s Re-Election Means More Stagnation, Says Ex-Treasury Chief O’NeillFormer Treasury Secretary Paul ONeill, special advisor to Blackrock, was interviewed Thursday by Bloomberg T.V.s Tom Keene, host of Midday Surveillance.
January 19, 2012
Playing the Earnings GameFor the current earnings period, negative pre-announcements are outnumbering positive ones by a whopping 3-to-1 margin. Guess what? That's good news.