Economy & Markets
The important economic and stock market news that advisors need to know.
Berkshire’s Buffett to Step Down From Washington Post Board
By Marlene Y. SatterThe Washington Post announced Thursday that Warren Buffett, who had served on its board for 37 years, would be stepping down after the end of his current term in May.
January 21, 2011
2010 Q4 Earnings: BofA Misses Estimates; Merrill Adds AdvisorsWealth-management sales rise; Merrill Lynch's FA headcount increases to nearly 15,500.
January 21, 2011
2010 Q4 Earnings, Week One: Banks May See 30% EPS Growth, Says AnalystLarge banks performed better than expected in week one of Q4 earnings season, says Raymond James equity analyst Anthony Polini and other finance-sector observers.
January 20, 2011
LPL’s Next Step After IPO? Deleveraging, Allocating Capital, Casady SaysLPL's CEO Mark Casady flaunts scale and resources; says going public has helped recruiting.
January 20, 2011
Global Markets Drop on China Rate Hike FearsFears that China will tighten its monetary policy hit stocks hard Thursday despite another batch of encouraging U.S. economic news.
January 20, 2011
FCIC to Issue Final Report on Causes of Financial CrisisThe Financial Crisis Inquiry Commission announced Wednesday that it will release its findings on the causes of the financial crisis on Jan. 27 in Washington, D.C.
January 20, 2011
Health Care Costs Still Rising, but Rate Slows, S&P FindsAccording to data released Thursday by Standard & Poor’s for the S&P Healthcare Economic Composite Index, health care costs are still rising, but their rate of increase has been slowing since May of 2010.
January 20, 2011
2010 Q4 Earnings: BNY Mellon Misses Expectations; Pershing Fees RiseBank of New York Mellon reported Q4 profits of $0.55 per share, missing analysts’ expectations for earnings of $0.57. The bank’s Pershing unit said revenues rose though profits fell.