Economy & Markets
The important economic and stock market news that advisors need to know.
Real SEC Reform or Half Measure?
By Robert Bloink, William H. ByrnesDoes the SEC Modernization Act have a real shot at bringing 'comprehensive reform' to the SEC?
August 23, 2011
UBS to Cut 3,500 Jobs; Wealth Unit Losing 350UBS said Tuesday it planned to cut staff by 3,500 as part of its overall plan to trim about $2.5 billion from its yearly expenses by the end of 2013 to improve operating efficiency.
August 23, 2011
S&P’s President, Sharma, to Step DownDeven Sharma, president of Standard & Poor's, will step down from his post on Sept. 12, and will be succeeded by Douglas Peterson, who is currently Citibank NA chief operating officerCitibank is a unit of Citigroup.
August 23, 2011
Top 10 Most Expensive Cities in the WorldIf youre planning a vacation or relocating for work, you may want to check this list to see if youll need to take a loan out just to eat at McDonalds.
August 22, 2011
S&P 500 Sinking to 900 if Recession Comes: S&P’s StovallIf history is a guide, the S&P 500 stock index may have another 8% to 20% to fall from the current level in the event of a recession, according to an equity research report issued Monday by Standard & Poors.
August 22, 2011
PIMCO’s El-Erian: Obama’s Economic Speech ‘Mission Critical’Calling President Obamas Sept. 5 economic speech mission critical, El-Erian says if Congress continues to squabble, both the economy and the market will become even more hostage to a harmful feedback loop.
August 22, 2011
Jeremy Siegel Slams TIPS, Recommends Dividend-Paying StocksWharton professor and frequent industry lecturer Jeremy Siegel took to the pages of The Wall Street Journal Monday to warn of the dangers of the Treasury bond market.
August 22, 2011
Mark Mobius: Markets Ready to Rise, Time to Buy CommoditiesAfter markets worldwide dropped 16% over the past few weeks, its time for some positive momentum, investment expert Mobius of Templeton said Monday.