Economy & Markets
The important economic and stock market news that advisors need to know.
Random thoughts
By Richard HoeThere's lots of talk about giant corporations taking over the U.S. farming business, and so I was surprised to discover, in this month's Fortune, that there are about 6 million members of 4H clubs.
July 19, 2011
Q2 Earnings: BNY Mellon Profits Rise Nearly 12% as Pershing Revenue Stays FlatBank of New York Mellon reported profits of nearly 12% in Q2 2011, but the Pershing RIA custody unit's revenues were flat.
July 19, 2011
U.S., Europe Debt Woes Worry AsiaChina and Japan, the former in particular with its huge U.S. debt holdings, are watching the political circus and wondering whether the safety nets will hold. If not, repercussions could be severe, not just for Asia but for the U.S. and euro zone as well.
July 19, 2011
For Greek Debt Crisis, Bank Tax Among Measures ProposedTwo days before a summit meeting in Europe to discuss a second rescue package for Greece, a confidential paper outlined some of the strategies being considered to stem the tide of debt. These strategies included a tax on euro zone banks and loans with longer terms and lower rates.
July 18, 2011
AdvisorOne’s 2011 Q2 Earnings Calendar for the Finance SectorAdvisorOne presents a calendar of finance-sector companies reporting second-quarter 2011 earnings, with a focus on firms of greatest interest to financial advisors.
July 18, 2011
Emerging Markets Expected to Outperform Developed Markets: PIMCOA commentary released Monday by PIMCO asks, “Are emerging markets ready to lead the global economy?”
July 18, 2011
European Bank Stocks Crash After ‘Bankmageddon’ on FridayTraders, analysts find bank stress tests to be lacking in credibility.
July 18, 2011
Doubleline's Gundlach Weighs In on Debt Ceiling DebacleGundlach, hosting a conference call last week titled “Now What?”, made predictions on a variety of economic issues from the debt ceiling debate swirling around Washington.