Economy & Markets
The important economic and stock market news that advisors need to know.
SEC's Schapiro: More Money Market Reforms Coming
By Melanie Waddell and Joyce HansonThe Securities and Exchange Commission plans to issue a proposed rule on money market funds 'in very short order,' said SEC Chairman Mary Schapiro on Monday, which would reduce the funds susceptibility to runs.
November 07, 2011
China Says Exchange Rate 'Reasonable'The exchange rate for the yuan, according to Chinas commerce minister, is within a "basically reasonable level," and therefore is not responsible for the current trade imbalance with the U.S., according to Chen Deming, China's minister of commerce.
November 07, 2011
Despite Greek Deal, Eurozone StrugglesDespite a deal worked out with Greeces leaders to support its latest bailout, the eurozone still battles market unrest as the leadership of both Greece and Italy is up in the air.
November 06, 2011
Nine Best ETFs in 2011Among the year's nine top-performing ETFs, three were in the utilities sector, two in health care, two in financials, one in consumers staples, and one in consumer discretionary.
November 06, 2011
Is the Run in U.S. Treasuries Over?Today, the future movement of U.S. Treasuries is already being shaped, and again, the crowd and its conventional wisdom will be proven wrong.
November 04, 2011
Report Shows Gain in Jobs, but Growth Still Sluggish (New York Times)In October, the U.S. added 80,000 jobs, a number which, if not impressive, was certainly better than the summer outlook, when the average monthly job add was just 20,000.
November 04, 2011
Time to Embrace China and ‘Unthinkable,’ Says Ramo at Schwab ImpactThe U.S. government and its citizens have a responsibility to forge new, creative ties to the expanding nation, Kissinger Associates analyst Joshua Cooper Ramo said.
November 04, 2011
Genworth Posts Higher LTCI SalesLong-term care insurance operating profits fellbut the product was still profitable.