Economy & Markets
The important economic and stock market news that advisors need to know.
Euro Slips Over Debt Worries as Sarkozy Meets With Obama
By Marlene Y. SatterThe euro lost ground on Monday, falling to its lowest level since mid-September after a Sunday report that said Portugal was under increasing pressure to accept a bailout from the European Union (EU) and International Monetary Fund (IMF).
January 07, 2011
Fed's Bernanke Tells Senate a 'Self-Sustaining' Recovery Is Taking HoldFederal Reserve Chairman Ben Bernanke sketched a more optimistic view of the economy Friday but said the Fed's $600 billion bond-buying program is needed because unemployment will likely stay elevated for up to five more years.
January 07, 2011
Weak Bond Worries Dog EUThe announcement of a sale of bonds from Portugal on Thursday drove investor worries on Friday as concerns over demand surfaced in the market.
January 07, 2011
Unemployment Rate Falls, but Private Sector Hiring DisappointsThe nation's unemployment rate dropped to 9.4% last month, its lowest level in 19 months, but employers added 103,000 jobs in December, far below most analysts' expectations.
January 06, 2011
The 'Bubble' BubbleFinancial bubbles are like eating bad oysters -- you always find out after the fact, and by then it’s too late.
January 06, 2011
Weaker Jobless Claims Report, Retail Sales Push Down StocksStocks slipped Thursday after the government reported an increase in applications for unemployment benefits last week.
January 06, 2011
Volcker Leaving Obama Economic Advisory GroupFormer Federal Reserve Chairman Paul Volcker is ending his term as chairman of President Barack Obama's economic advisory panel next month, a person familiar with the situation said Wednesday.
January 06, 2011
French Bonds Sell Well; China to Buy Spanish DebtClosing out a week of AAA-rated government debt offerings in Europe, France on Thursday placed nearly 9 billion euros ($11.786 billion) of bonds to strong demand, while China would reportedly buy approximately 6 billion euros of Spanish debt.