Economy & Markets
The important economic and stock market news that advisors need to know.
El-Erian, World Bank, Ministers Warn Euro, U.S. Leaders
By Gil WeinreichPIMCO's Mohamed El-Erian has warned that further missteps by U.S. and European leaders risk turning today's raging crises into something more devastating. That warning came as France and Germany ruled out talks on Eurobonds.
August 15, 2011
Soros: Germany Must Support EuroAccording to billionaire George Soros, a decision by German Chancellor Angela Merkel ignited the euro crisis in the wake of the Lehman Brothers default in 2008. Now, Soros says, only Germany can save the euro.
August 15, 2011
Buffett: Tax the Wealthy'My friends and I have been coddled long enough by a billionaire-friendly Congress,' Buffett concluded in a New York Times op-ed. 'Its time for our government to get serious about shared sacrifice.'
August 12, 2011
3 Ways to Soothe Panicked ClientsSteve Rudolph, an advisor affiliated with Commonwealth Financial, hosts calls to discuss short-term market moves and long-term investing goals.
August 12, 2011
Avast, Me Hearties!And now some lighter fare for your Friday afternoon...I got an interesting bit from my friends at the American College of emergency Physicians yesterday. These ...
August 12, 2011
Georgia on My Mind: Emerging Market TemptationsA bank in Georgia is offering a dazzling 8% rate on a 1-year CD or 9% for 2 years, but its not SunTrust Bank in Atlanta but TBC Bank in Tibilisi.
August 12, 2011
Gold Price Seen Supported Despite Margin Hike: ReportThough the CME increased margin requirements 22% on U.S. gold futures positions effective Thursday, a report by ETF Securities says that the move is likely not indicative of a trend toward additional aggressive increases.
August 12, 2011
Twitter Startup Is for the Wall Street BirdsIn yet another case of Twitter aficionados finding unpredicted uses for the social networking site, a financial engineering firm has launched a free service that helps investors make trades based on the analysis of Twitter data.