Economy & Markets
The important economic and stock market news that advisors need to know.
Debt Ceiling Update: Senate Hearing, Ag Subsidy Cuts Loom in Political Fight
By Gil WeinreichDebt-ceiling talks: posturing exceeds progress, but presidential race may provide impetus to deficit reduction ideas.
June 03, 2011
U.S. Consumer Confidence Rises, According to RBCBut Americans are divided on how to reduce the national deficit.
June 03, 2011
FRC Says $45 Billion Flowed Into Equity, Fixed Income Mutual Funds in AprilMay ETF outflows, however, were $1 billion, according to IndexUniverse.
June 03, 2011
IMF Should Make Greece Restructure, Negotiate Haircuts: Former IMF DirectorFormer IMF regional director Claudio Loser said Greece should either give bondholders serious haircuts or abandon the euro as its currency.
June 03, 2011
Bank of Ireland Rescue Will Hit Both Bond and Share HoldersBank of Ireland is intent on raising $6.1 billion in fresh capital, announcing plans of Friday for a new stock issue that will buy back debt at a steep discount
June 03, 2011
Jobless Rate Hits 9.1%; Private Sector Payrolls IncreaseThe unemployment rate reached 9.1% in May, while 54,000 non-farm jobs were added during the month.
June 03, 2011
Moody’s Warns of U.S. Downgrade Over Debt Ceiling, Risk of DefaultWorried over the tenor of the debt-ceiling argument in Washington, and the risk of a shor-term default, Moody's places the U.S. government's rating under review for a possible downgrade.
June 02, 2011
Canada Outpaces U.S. in Confidence, Economic Performance—News AnalysisHas the U.S. ceded economic leadership to its northern neighbor?