Economy & Markets
The important economic and stock market news that advisors need to know.
Gold Blasts Past $1,500 for First Time
By Marlene Y. SatterGold topped $1,500 per ounce for the first time ever on Wednesday, hitting $1,505.21, rising 5% in April alone.
April 19, 2011
Retirement Reporting: The Best It Will GetI forget how easy it is to get steeped in the echo chamber.
April 19, 2011
2011 Q1 Earnings: Goldman Profits Fall 21% as Bank Pays Warren Buffett BackGoldman Sachs reported Tuesday Q1 2011 profits of $2.74 billion, down 21% from a year ago, after buying back Warren Buffett’s preferred stock.
April 19, 2011
ECB Official Espouses Low Rates, Says Funding Limits ReachedJuergen Stark, a member of the European Central Bank's (ECB) executive board, said in an interview with the Portuguese newspaper Publico that despite the recent increase in interest rates that the ECB put into effect, rates were still very low and encouraging to growth.
April 19, 2011
EU, IMF Deny Greek Restructuring Rumors; Markets WaryAlthough rumors of restructuring Greece's debt have been denied by Greece itself, the European Union (EU) and the International Monetary Fund (IMF), investors don’t believe them.
April 19, 2011
Gold Courts $1,500 Per Ounce for Second DayGold had set a new record on Monday at $1,497.20 per ounce in the wake of Standard & Poor's cut of its outlook on the U.S. and as worries over debt in the euro zone seethed.
April 18, 2011
Lifecycle of an SMA: Kirk Barneby and Interest Rate Risk InvestingA Rydex mutual fund--the Rydex/SGI Long Short Interest Rate Strategy Fund--launched last July, but its roots go back to the 1970s.
April 18, 2011
White House, Treasury Criticize S&P's Negative OutlookWhite House economic advisor Austan Goolsbee calls S&P's move a ‘political judgment that doesn’t deserve much weight.’