Economy & Markets
The important economic and stock market news that advisors need to know.
Obama Lays Out Plan to Reduce Deficit by $4 Trillion in Twleve Years
By Melanie WaddellPresident Barack Obama laid out on Wednesday what he called “a more balanced approach” than House Republicans to reduce the nation’s…
April 13, 2011
2011 Q1 Earnings: JPMorgan Profits Surge 67%; Asset Management AUM Up 9%JPMorgan kicked off Q1 2011 earnings season by reporting a 67% rise in profits, with EPS at $1.28 per share versus analysts’ expectations for EPS of $1.15.
April 13, 2011
Japan Downgrades Economic AssessmentFor the first time in six months, Japan has downgraded its economic assessment, citing effects of the earthquake and tsunami on a variety of elements within its economy.
April 13, 2011
ECB Official to Irish Taxpayers: Pay Up and Stop WhiningIn an opinion piece published on Tuesday in The Financial Times, Lorenzo Bini Smaghi, a member of the board at the European Central Bank, wrote that Irish taxpayers should not complain about having to foot the bill to bail out their banks.
April 12, 2011
Getting the Numbers Straight in JapanThe accident in Japan is indeed serious, but is clearly not in the same league as the Russian disaster from 1986.
April 12, 2011
CBO Estimates '11 Budget Deficit to Hit Record $1.5 TrillionThe $38 billion in spending cuts agreed to last week won't prevent this year's budget deficit from setting another record high, estimated at $1.5 trillion.
April 12, 2011
AdvisorOne’s 2011 Q1 Earnings Calendar for Financial SectorAdvisorOne presents a calendar marking expected first-quarter 2011 earnings dates for firms of greatest interest to financial advisors.
April 12, 2011
J.P. Morgan’s Kelly: Optimism on U.S. Economy in Q2David Kelly, market strategist and managing director at J.P. Morgan Asset Management, spoke Tuesday about the outlook for Q2 in a webcast titled, "Q2 2011 Economic and Market Outlook: Out of Recession but Out of Sync."