Economy & Markets
The important economic and stock market news that advisors need to know.
2010 Q4 Earnings: Penson Posts Smaller-Than-Expected Loss
By Danielle AndrusPenson Worldwide Inc. released fourth-quarter 2010 earnings Thursday, revealing a net loss of $3.2 million, or $0.11 per share.
February 10, 2011
PIMCO’s Narens on Municipal Bonds, Part I: Is It Time to Trade?Is the time come for trading in munis? Ben Warwick parses PIMCO's analysis and forecast on the municipal bond market
February 10, 2011
Fewest Requests for Jobless Claims Since 2008The number of people applying for unemployment benefits plunged last week to the lowest level in nearly three years, continuing a downward trend that suggests hiring could pick up this year.
February 10, 2011
January Deficit Grows by $50 Billion; On Pace for Yearly Recordhe federal government's budget deficit grew by $50 billion in January and is expected to finish the year as the highest in history.
February 10, 2011
Thornburg Manager Josh Gonze Doesn’t Buy the Muni Hype: The Weekend InterviewJosh Gonze, the co-portfolio manager and managing director of Thornburg Investment Management, believes the time is right for muni bond investment: ‘Low prices, high yields, good time to buy.’
February 10, 2011
Bank of England Holds Firm on Interest RatesThe Bank of England on Thursday held the line on interest rates, keeping them at 0.5% despite money market expectations of a quarter-point rise.
February 10, 2011
Euro Hit by Selloff, Lack of Clear PolicyThe euro took a hit on Thursday as a failure by the European Central Bank to initiate strong policy measures took its toll. I
February 10, 2011
Outgoing Irish Government Throws Curve; Moody’s Downgrades Bank SecuritiesThe outgoing Irish government has dropped a bomb on the incoming politicians, declining to recapitalize the nation’s banks and leaving it to the opposition to decide if and when banks should be funded.