Economy & Markets
The important economic and stock market news that advisors need to know.
Dow Has Best First Quarter Since 1998
By John SullivanThe Dow closed up 742.22 points, or 6.41%, in the first quarter of 2011 and was up three consecutive quarters and seven of the last eight.
April 01, 2011
India’s EmergenceIn recent years, India has emerged as a prime focus of interest for international investors. This interest has risen along with Indian share prices. The…
March 31, 2011
G20 Meeting in China Highlights Conflicts Over CurrencyFinancial leaders of the Group of 20 top economies appeared to reach informal agreement Thursday on the need for China's currency to have a wider role in global finance, but not as a substitute for the U.S. dollar.
March 31, 2011
Goldman Golden Boy Goes RIA; 2011 SMA Managers of the Year: April Investment Advisor—SlideshowIn the April issue of Investment Advisor we focused on wealth management and the special issues wealth managers face
March 31, 2011
AIG Repurchase Bid Rejected by FedAIG, which had attempted to repurchase the assets of Maiden Lane II, a package of securities it sold to the Federal Reserve in November 2008 when it needed to raise money, was rebuffed Thursday when the Fed said no to the deal.
March 31, 2011
Euro Zone Downgrades Not Over Yet: Moody’sMoody’s Investors Service said Thursday that downgrades to troubled nations in the euro zone were not over, thanks to inadequate measures to resolve the ongoing debt crisis that were announced last week by the European Union.
March 31, 2011
Irish Banks Are Reported to Need More Rescue CashThe Irish Independent said Thursday that Anglo Irish Bank confirmed it had losses of an additional 17.5 billion euros ($24.9 billion) in advance of the release of stress tests on the nation’s banks.
March 31, 2011
Buffett Heir Sokol’s Resignation: What’s Next for Berkshire Hathaway?Heir-apparent’s departure in wake of Lubrizol acquisition catches Buffett by surprise and causes drop in Berkshire shares.