Economy & Markets
The important economic and stock market news that advisors need to know.
Gold, Silver, Oil Gain on Unrest, Worries
By Marlene Y. SatterSpurred on by unrest in the Middle East/North Africa (MENA) region, the prices of both gold and oil continued to climb on Wednesday, with the former setting its second consecutive record and the latter hitting a 2½-year high.
April 05, 2011
Ryan Offers GOP's Long-Term Budget Plan; Talks on Govt. Shutdown FalterU.S. House Budget Committee Chairman Paul Ryan presented a budget that would cut $5.8 trillion in spending over 10 years, as fiscal-year budget talks fall apart.
April 05, 2011
S&P 500 Sees Biggest Increase in Profits Since 1900The biggest increase in profits in more than a century is telling investors that this is no time to sell stocks, even after the Standard & Poor’s 500 Index rallied 97%.
April 05, 2011
Moody’s Cuts Portugal’s Rating, Saying Bailout Need Is UrgentDespite an auction result that bought time for Portugal as that nation seeks to avoid a bailout and resolve its debt issues independently, Moody’s Investors Service on Tuesday cut Portugal’s sovereign debt rating one more notch to Baa1.
April 05, 2011
China Raises Rates Again; Speculation on Inflation HeightenedChina signaled Tuesday that its inflation figures, due out on April 15, might be higher than expected when it raised interest rates for the fourth time since October.
April 04, 2011
This Month's Forecast: Not Your 'Average' AprilSupport levels need to be watched as high commodity prices and other factors come into play
April 04, 2011
Ryan to Unveil GOP Budget Plan: $4 Trillion Cut Over 10 YearsRep. Paul Ryan, R-Wisc., the new chairman of the House Budget Committee, announced over the weekend on Fox News Sunday that he would unveil a new Republican budget proposal that cuts over $4 trillion from government spending over the next 10 years
April 04, 2011
Zapatero’s Exit May Endanger Spain’s Fiscal FuturePrime Minister Jose Luis Rodriguez Zapatero of Spain has thrown a wild card into his country’s financial future even as he announced his withdrawal from next year’s election.