Economy & Markets
The important economic and stock market news that advisors need to know.
China Raises Reserve Ratios Despite Slowing Economy
By Marlene Y. SatterThe increase is the eighth since October, and follows Wednesday's report that April's inflation figure came in at 5.3%, considerably higher than the Chinese government's target of an average of 4% for the year.
May 11, 2011
At Summit Meeting, China to Allow U.S. Asset Managers to Sell Mutual FundsThe second largest economy in world pledges to allow foreign banks to underwrite bonds, sell some insurance products.
May 11, 2011
Warren Buffett, Halle Berry, Alan Greenspan, Conan O’Brien: Favorite ‘Unexpected’ Musicians—SlideshowWarren Buffett does it. So do Halle Berry and Gwyneth Paltrow. What do these people all have in common, besides being famous? Musical talent, and being America's favorite “unexpected musicians.”
May 11, 2011
Setting Up Employees to Fail: A Warning to Advisory Firm OwnersIf you want a job done right, take the time to give an employee all the information they need to do so.
May 10, 2011
Sen. Max Baucus: Keep Social Security Out of Deficit Reduction PlanAt a Senate hearing, Baucus says that by law, ‘Social Security must remain separated from the rest of the Federal budget.’
May 10, 2011
Boehner Demands Obama Cut Spending to Get Debt Limit DealHouse Speaker John Boehner said Monday night that President Obama must agree to more than $2 trillion in spending cuts in exchange for a vote to increase the debt ceiling enough to cover U.S. obligations through the end of next year.
May 10, 2011
Ireland Hopes for Rate Cut on BailoutAs euro zone ministers discussed easier terms and a second bailout for Greece, they also considered relaxing the terms under which Ireland must repay its own package of rescue loans.
May 10, 2011
Greece Denies New Bailout as Markets, Rating Agencies ReactEven as Greece denied a Dow Jones report that it would be receiving a new bailout package to the tune of almost 60 billion euros ($85.71 billion) as it continued to deal with its debt crisis, senior euro zone policymakers said that the new package might come as soon as...