Economy & Markets
The important economic and stock market news that advisors need to know.
European Bailout Fund Must Double: Wellink
By Marlene Y. SatterAn 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 15, 2011
Bucking Trend, Optimism Among Women Business Owners RisesWomen business owners are overall more optimistic that the U.S. economy is recovering, according to theKey4Women Confidence Index released Tuesday.
June 15, 2011
Schwab, TD Ameritrade Daily Trades Drop Over 22% in MayDiscount brokers see decline in client activity as major stock markets post similar results.
June 15, 2011
Moody's Threatens to Downgrade French BanksMoody's Investors Service on Wednesday threatened to downgrade France's three largest banks because of their exposure to Greek debt.
June 15, 2011
Greek Protests Turn Violent; Euro Zone Debt Talks FailGreeks protesting austerity measures turned violent in Athens on Wednesday, a day after after euro zone talks on the nation's debt failed.
June 14, 2011
Vanguard Launches Emerging Markets Select Stock FundVanguard, the largest mutual fund company in the U.S., has launched an actively managed emerging markets stock fund as investors seek more global returns.
June 14, 2011
Tale of Shale: States' Growth Story in Moribund EconomyShale oil brings jobs, independence and stock returns in otherwise moribund economy.
June 14, 2011
Advisors to Congress: Don't Axe Retirement Plan Tax Benefits to Cut Deficit--UpdateAmerican Benefits Council warns against possible Congressional desire to remove favorable tax treatment of DB and DC plans.