Economy & Markets
The important economic and stock market news that advisors need to know.
2011 Q1 Earnings: Citi Reports Lower Profits, Sales
By Janet LevauxNet income drops 32%, but EPS are $0.01 ahead of analysts’ expectations.
April 18, 2011
Geithner, Ryan Clash Over Government Debt LimitTreasury Secretary Timothy Geithner said Sunday that Republicans had assured the president that they would raise the debt limit, but Rep. Paul Ryan, R-Wis., said that no such deal had been made and an increase in the debt limit would have to come as part of a deal on spending.
April 18, 2011
Earnings, Housing, Taxes and Oil—Advisor Briefing for the Week of April 18, 2011Earnings season is in full swing and we get readings on the housing market as many watch oil prices.
April 17, 2011
These Colors Don't Run, But They HideWith tax season winding down, I thought it appropriate to relay this anecdote.
April 15, 2011
BofA-Merrill Survey Shows Bump in Risk ToleranceInvestors seem convinced that rates will remain low and have reduced their cash holdings in favor of equity positions.
April 15, 2011
House Passes Ryan FY2012 Budget PlanThe House passed by a vote of 235-193 on Friday the FY2012 spending bill put forth by House Budget Committee Chairman Paul Ryan, R-Wis., which would cut $5.8 trillion in spending over 10 years.
April 15, 2011
Ireland Rating Slashed to Near Junk; Outlook NegativeIreland's rating Friday was sliced two more notches by Moody's to just above junk status, from Baa1 to Baa3, which is lower than either Fitch Ratings or Standard & Poor's rates the country.
April 15, 2011
2011 Q1 Earnings: Schwab Earns $0.20 per Share on 23% Jump in RevenueCharles Schwab reported that net income in the first quarter of 2011 was $243 million, or $0.20 in EPS, slightly beating analysts’ earnings consensus.