Economy & Markets
The important economic and stock market news that advisors need to know.
Gold Still Rising as Global Stocks Soar
By Marlene Y. SatterEven as worries about the U.S.economy, European debt, the rising price of oil and unrest in the Middle East/North Africa region drove the price of gold higher, world stocks reached their highest levels in 33 months.
April 20, 2011
New Finland Government Threatens Portugal BailoutIt appears that the surprisingly large gain of seats in the Finnish parliament by an anti-euro party will delay and possibly derail approval of Portugal's bailout package.
April 20, 2011
Gold Blasts Past $1,500 for First TimeGold topped $1,500 per ounce for the first time ever on Wednesday, hitting $1,505.21, rising 5% in April alone.
April 19, 2011
DoubleLine’s Gundlach: S&P Outlook Downgrade ‘Silly Thing to Do’In a quarterly performance call on Tuesday for the RiverNorth/DoubleLine Strategic Income Fund, fixed income manager Jeffery Gundlach scoffed at S&P’s outlook downgrade on Monday of U.S government debt.
April 19, 2011
Geithner: U.S. at No Risk of S&P DowngradeThe Treasury secretary said he was confident the country would retain its AAA rating, adding that Republicans and Democrats are on board to lower deficit.
April 19, 2011
Retirement Reporting: The Best It Will GetI forget how easy it is to get steeped in the echo chamber.
April 19, 2011
2011 Q1 Earnings: Goldman Profits Fall 21% as Bank Pays Warren Buffett BackGoldman Sachs reported Tuesday Q1 2011 profits of $2.74 billion, down 21% from a year ago, after buying back Warren Buffett’s preferred stock.
April 19, 2011
ECB Official Espouses Low Rates, Says Funding Limits ReachedJuergen Stark, a member of the European Central Bank's (ECB) executive board, said in an interview with the Portuguese newspaper Publico that despite the recent increase in interest rates that the ECB put into effect, rates were still very low and encouraging to growth.