Economy & Markets
The important economic and stock market news that advisors need to know.
JPMorgan Clearing Deal Will Return $800 Million to Lehman Estate
By Daniel WagnerJPMorganChase & Co. will return assets worth $800 million to lawyers representing the brokerage arm of failed investment bank Lehman Brothers Holdings Inc.
April 22, 2011
Obama Budget 'Falls Short' of Ryan, Fiscal Commission Proposals, Bipartisan Report SaysCommittee for a Responsible Federal Budget says President’s deficit-reduction framework 'falls short' of competing budget plans
April 21, 2011
Is Oil Ready for a Correction? The Evidence, and Mutual Funds That Will BenefitOil-price volatility explained, outlooks for prices expressed, and investment options presented for a falling-oil-price market.
April 21, 2011
BNY Mellon Q2 Outlook Moderately Positive‘Budget drama,’ unemployment and housing aside, economic and market indicators are improving.
April 21, 2011
2011 Q1 Earnings: BlackRock Profits Jump 34%BlackRock's strong investment performance and new business helped push profits 34% higher for the world’s largest asset manager in Q1 2011.
April 21, 2011
Obama Administration Lobbied S&P to Prevent Outlook DowngradeStatements by senior administration officials belie eleventh hour maneuvering.
April 21, 2011
2011 Earnings: Raymond James’ Private-Client Results Rise 19%The number of financial advisors dropped slightly to 4,472 in the U.S. and 5,066 worldwide.
April 21, 2011
Brent Crude Oil on Rise, Tops $124 per BarrelThe price for Brent crude oil topped $124 per barrel on Thursday, with the potential for even higher prices thanks to steady U.S. demand.