Economy & Markets
The important economic and stock market news that advisors need to know.
The Logic Behind the Gold Trade
By Ben WarwickI like to live my life by heuristics – those little rules of thumb that help us remember to look both ways before crossing the street and to brush after every meal.
January 19, 2011
2010 Q4 Earnings: State Street Profits FallDespite operating earnings that came in at $0.87 per share, beating analyst estimates by a penny, State Street Corp. (STT) on Wednesday took a beating from investors.
January 19, 2011
2010 Q4 Earnings: Goldman Sachs Profits Plummet 53%Goldman Sachs' Q4 2010 earnings report met analysts’ expectations but disappointed them just the same because the Wall Street giant’s earnings dropped 52% from a record high in 2009.
January 19, 2011
China’s Hu Meets Obama at White HouseTouching on a key source of tension between the U.S. and China, President Barack Obama greeted Chinese President Hu Jintao on Wednesday by stressing the need for nations to observe universal human rights.
January 19, 2011
IMF to Test British Banks for Solvency; Euribor Rises AgainThe IMF will begin checking data from the largest banks in Britain this week, in a preliminary move before conducting stress tests across the broader banking sector of five nations within the euro zone. Meanwhile, the Euribor rate saw another rise on Wednesday.
January 18, 2011
2010 Q4 Earnings: Citigroup Sees Profits for First Time Since 2007For the first time since CEO Vikram Pandit took over the leadership of Citigroup in 2007, the bank reported annual profits in its end-of-year earnings, at $10.6 billion, or $0.35 per share.
January 18, 2011
Consumer Credit Defaults Fall: S&P-Experian IndexConsumer defaults fell in December, with auto loans showing the largest decline, according to data released Tuesday by Standard & Poor’s and Experian.
January 18, 2011
Crowded Trades and Alpha Don’t Go TogetherJohn Maynard Keynes was fond of referring to the stock market as a beauty contest.