Economy & Markets
The important economic and stock market news that advisors need to know.
2010 Q4 Earnings: Invesco Profits Rise 44% in Mixed Performance
By Joyce HansonInvesco reported higher Q4 earnings but disappointed analysts as stronger stock market results were tempered by fallout from the acquisition of Morgan Stanley’s mutual-funds business.
January 27, 2011
FCIC Releases Final Report, Says Financial Crisis Was AvoidableThe Financial Crisis Inquiry Commission delivered Thursday to President Obama and members of Congress the results of its investigation into the causes of the financial and economic crisis
January 27, 2011
Weekly Jobless Claims Rise UnexpectedlyThe number of Americans applying for unemployment benefits rose sharply last week, but the figures were largely distorted by rare snowstorms that swept through the Southeast.
January 27, 2011
S&P Cuts Japan’s Rating for First Time Since 2002; Euro RisesStandard & Poor’s cut Japan’s sovereign debt rating by one notch on Thursday, saying that the nation “lacks a coherent strategy” to cope with a debt level that it predicts will only peak in the mid-2020s.
January 26, 2011
At Davos, Nouriel Roubini Opens Forum With a Metaphorical ToastAt the start of the annual World Economic Forum at Davos on Wednesday, celebrity economist Nouriel Roubini raised a glass that was half full — or was it half empty? — and declared it a metaphor for the global economy.
January 26, 2011
Fed Says Economy Needs $600 Billion QE2 ProgramThe economy isn't growing fast enough to lower unemployment and still needs the benefit of the Federal Reserve's $600 billion Treasury bond-purchase program, Fed policymakers said Wednesday.
January 26, 2011
Lehman Forced to Revise Bankruptcy Exit PlanAfter some creditors rejected Lehman Brothers' Chapter 11 proposals, the company revised its plan to exit bankruptcy, filing a new plan in New York, Bloomberg reported Wednesday.
January 26, 2011
Pound Up, Gilts Down After Reading of Bank of England MinutesWednesday’s release of the minutes of the Bank of England’s Monetary Policy Committee meeting saw a shift in how members regard the danger of inflation, as Martin Weale joined Andrew Sentance in voting for an increase of a quarter point this month. Sterling rose on the news, anticipating an increase...