Economy & Markets
The important economic and stock market news that advisors need to know.
Senate to Vote on Repealing 1099 Reporting Provision
By Arthur D. PostalThe Senate appears poised to support H.R. 4, the House version of legislation repealing the much-criticized 1099 reporting provision through a vote likely to occur this week.
March 18, 2011
Fisher Prepares for Bull Market’s Next Leg With U.S. Growth Stocks: AdvisorOne Interview, Part IIKen Fisher explains the portfolio changes he's made re Japan, and expresses his worries on emerging markets raising rates too fast
March 18, 2011
S&P 500 to Lose 3.3% by End of March, Says Birinyi AssociatesFirm was first to tell clients to buy in March 2009.
March 16, 2011
Investors Continue to Flee Markets Due to Japanese UncertaintyAlthough Japanese equities staged an impressive rally last night, U.S. stocks are moderately lower following further nuclear setbacks in that country.
March 16, 2011
Japan Quake: Radiation Fears Force Foreign Bankers to Flee TokyoThe danger of radiation sent foreign bankers looking for physical safe havens on Wednesday, as worries continued over the potential for nuclear meltdown at Japan’s earthquake-damaged reactors. Prices for evacuation flights had risen by as much as 25%.
March 16, 2011
Japan Stocks Rebound; European Markets Feel Portugal Rating CutThe Nikkei recovered some lost territory on Wednesday as markets in Europe felt the pain of local problems amidst the turmoil over Japan’s tragedy.
March 15, 2011
Japan Stocks Rebound; Central Bank Adds Further $43 BillionJapanese shares rebounded sharply on Wednesday, recovering some of the massive losses sustained the last two days following a devastating earthquake and tsunami.
March 15, 2011
Fed Says Economic Recovery on Firmer FootingThe Federal Reserve offered its most optimistic view of the U.S. economy since the recession ended, even as Japan's nuclear crisis stoked new worries around the globe.