Economy & Markets
The important economic and stock market news that advisors need to know.
November U.S. Personal Income and Spending Rise; Savings Declines
By Marlene Y. SatterThe Department of Commerce said reported that both personal income and expenditures rose in November, while the savings rate fell.
December 23, 2010
GAO Gives Thumbs-Down to U.S. Financial Statements (for the 14th Time)Government Accounting Office can’t issue an opinion due to issues at Defense, Homeland Security and Labor departments
December 22, 2010
Broker-Dealer Stocks: Few Beat S&P in 2010Stellar performers to date this year include Ameriprise, Raymond James and Citigroup. LPL is up about 6% since its Nov. 18 IPO.
December 22, 2010
Greeks Strike Before Austerity Budget Is Approved; Fitch Proposes DowngradeA general strike hit Greece as unions fought the additional austerity measures called for in the budget that was approved by the parliament Wednesday night.
December 22, 2010
GDP for Q3 Revised Upward; Existing Home Sales Rise but Still WeakExpectations for economic growth next year are turning more optimistic now that Americans will have a little more cash in their pockets.
December 22, 2010
Outlook 2011, Washington & the Fed: KBW Sees Tighter Regulations, Flat RatesThe Fed will keep interest rates flat as quantitative easing continues, and regulatory policy out of Washington will continue to pose risks in 2011, said KBW analysts.
December 22, 2010
2010 Census: Top States for Population and WealthThe 2010 Census shows some surprising statistics when it comes to the wealthy in America.
December 21, 2010
The Great Recession: The Rich Got PoorerU.S. taxpayers with ultra-high incomes took the biggest hit during the first year of the recent economic crisis, according to an analysis of 2008 tax statistics.