Economy & Markets
The important economic and stock market news that advisors need to know.
Furious Irish Voters to Oust Ruling Party Fianna Fail
By Marlene Y. SatterVoters in Ireland on Friday are determined to oust Fianna Fail, the nation’s ruling party, to punish its members for the nation’s economic collapse, according to polls.
February 25, 2011
ETF Sector Focus: Energy, Gold ETFs Attract Assets as Prices RiseInvestors poured $1 billion into energy-sector funds in the third week of February alone, while this week oil and gas prices increased.
February 24, 2011
Sluggish New-Home Sales Drag on Economy's GrowthSales of new U.S. homes plummeted in January, and businesses ordered fewer long-lasting goods. But the number of people applying for unemployment benefits has fallen over the past four weeks to the lowest level in two-and-a-half years.
February 24, 2011
Top Reasons to Raise the Debt Ceiling, in Recession and RecoveryAsset manager James Altucher's popular argument creates new buzz as the budget fight looms.
February 24, 2011
Oil Prices Shoot Higher on Libya TurmoilWorries that the rebellion in Libya would spread to other countries in the Middle East/North Africa region, and the drop in output from that nation’s oil exports, caused the price of oil to soar on Thursday
February 24, 2011
Libya Turned Down Madoff, Stanford Proposals: WikileaksA leaked cable via Wikileaks reveals, according to a Wednesday MSNBC report, that the regime of Libyan leader Muammar Ghaddafi was approached for the purpose of soliciting investments by both Bernard Madoff and Allen Stanford.
February 23, 2011
Existing-Home Sales Rise on Foreclosures and Cash DealsMore people bought previously occupied homes in January. But sales surged on a rising number of foreclosures and all-cash deals, and not first-time home-buyers.
February 23, 2011
U.S. IPOs Are ‘on Top Again,’ Renaissance Capital ReportsU.S. initial public offering issuance has surged ahead of other nations’ IPOs so far in 2011, even moving ahead of the Asia-Pacific region, Renaissance Capital reported.