Economy & Markets
The important economic and stock market news that advisors need to know.
Obama Challenges Republicans to Raise Taxes to Cut Debt
By Marlene Y. SatterPresident Barack Obama on Wednesday called for tax hikes as part of the deal needed to negotiate a deal to raise the debt ceiling.
June 29, 2011
Debt and Debate: Let Markets Do Talking on Default FearsDamian Paletta, writing in his Washington Wire blog, points to evidence that some investors could be taking note of the political fight and bracing for the worst possible outcome.
June 29, 2011
Top 10 Best States for BusinessBusiness friendly may be the oxymoron of the new decade if recent meetings with Wall Street and the White House are any indication. But take a stroll outside the Beltway and youll find certain states doing all they can to let businesses do business, despite crushing deficits and scant revenue....
June 29, 2011
Spectrem Affluent Investor Confidence Index Plummets in JuneThe Spectrem Affluent Investor Confidence Index plunged 11 points in June—the biggest drop in more than three years.
June 29, 2011
France’s Lagarde Named to Head IMFFrench Finance Minister Christine Lagarde was named late Tuesday to succeed the disgraced Dominique Strauss-Kahn as head of the International Monetary Fund (IMF).
June 29, 2011
Greece Expected to Pass Austerity Despite ProtestsEven though protests erupted into violence, it looked likely that Greece's Parliament would pass the tough austerity measures demanded by the EU and IIMF in exchange for the next tranche of funding to ward off default.
June 28, 2011
Global Managed Assets Return to 2007 Levels, Cerulli FindsIt's taken nearly two years, but global assets under management are back to where they were in 2007, with total AUM reaching $53 trillion at the end of 2010, according to Cerulli Associates.
June 28, 2011
Greek Debt Contagion Could Top Lehman Crisis: Deutsche Bank CEOThe head of Deutsche Bank warned that if the crisis in Greece spreads to the rest of the euro zone, it could be a bigger disaster than the fall of Lehman Brothers.