Economy & Markets
The important economic and stock market news that advisors need to know.
Greek Default Looms; Markets Hold Steady
By Marlene Y. SatterMarkets around the world steadied on Friday in Europe, despite rumors of an imminent Greek default.
September 23, 2011
More Budget Drama: Senate Defeats House Spending BillGovernment shutdown looms, again, as Congress prepared on Friday to adjourn for a week. Reid says Senate will vote on new bill Monday.
September 22, 2011
Winning and Losing States of AmericaThe economic laboratories at work in the 50 states have produced disparate results according to new government data, and experts say the success of states like North Dakota and Utah and poor performance of Michigan and Nevada have national implications.
September 22, 2011
Senate Banking's Shelby Floats Cost-Benefit BillSen. Richard Shelby, R-Ala., ranking GOP member on the Senate Banking Committee, introduced a bill on Thursday that requires financial regulators, like the SEC, to provide rigorous and consistent economic analyses on new rules they propose.
September 22, 2011
Moody’s Downgrades BofA, Wells Fargo & CitigroupMore advisors may feel the necessity to seek independence, as lack of potential government bailouts led to ratings cut.
September 22, 2011
U.S. Government Shutdown Looms AgainIn a surprise outcome on Wednesday, the House of Representatives failed to pass a bill needed to fund the federal government past Sept. 30.
September 22, 2011
'Wealthy' Making $200k+ Would Pay for President’s Jobs ActAre higher taxes on the horizon for your clients?
September 21, 2011
Gap Between Gold and Stocks WideningDivergence in the direction of gold futures and the S&P 500 has reached levels not seen since the Lehman Brothers collapse in 2008, a possible indication that investors are preparing for further market turbulence.