Economy & Markets
The important economic and stock market news that advisors need to know.
IMF Cuts U.S. Growth Estimate, Compares Debt Woes With Greece
By Gil WeinreichIn its bimonthly World Economic Outlook, the IMF revised downward its estimate of U.S. GDP for 2011, and IMF official Jose Vinals said America's debt problems were on par with Greece, Ireland and Japan.
June 17, 2011
Greek Debt Bailout Deal With Germany Near, Sarkozy HintsAfter a meeting with German Chancellor Angela Merkel, French President Nicolas Sarkozy gave indications that a deal was close on terms for a second bailout for debt-troubled Greece. He spoke about the need for haste in putting a package together, and said that France and Germany took the same position...
June 17, 2011
The Facts and the Options--Pro and Con--for U.S. Corporate Tax ReformEverbody’s talking overhauling the U.S. corporate tax system. Here are some facts and comparisons on how U.S. multinationals are taxed, and Congressional action.
June 16, 2011
Is the Commodities Bull Run Over?Last month’s attention-grabbing IPO for Glencore valued the commodities giant at $59 billion. Oh, how the mighty have fallen.
June 16, 2011
Women Lag in Financial Knowledge and Confidence Gender Gap: StudyWomen still significantly lag behind men in their knowledge and confidence in virtually all areas of finance, even though the gap has narrowed since 2010, according to a report released Wednesday by Financial Finesse.
June 16, 2011
European Bailout Fund Must Double: WellinkAn ECB official says the bailout fund created by the European Union and the International Monetary Fund must double, to 1.5 trillion euros ($2.15 trillion), if p the private sector is to take part in a second Greek bailout package.
June 16, 2011
On the Brink: Debt Crisis Roils GreeceDebt-ridden Greece on Thursday attempted to reshuffle its government in an attempt to enact further austerity measures in exchange for a bailout.
June 15, 2011
Biden ‘Confident’ on Deficit Cuts as Senate Votes to Keep Ethanol SubsidyEven as Vice President Joe Biden gave his most optimistic assessment yet of budget talks he's leading, President Barack Obama's Democratic allies in the Senate signaled Tuesday a harder line on Medicare.