Economy & Markets
The important economic and stock market news that advisors need to know.
Egypt’s Ratings Take Second Blow in Three Days
By Marlene Y. SatterEgypt, beset by turmoil as protestors seek to unseat President Hosni Mubarak, saw its outlook cut Friday by Fitch Ratings to negative, and on Monday, Moody’s dropped Egypt's rating a notch and changed its outlook to negative as well.
January 29, 2011
Markets, Funds Drop on Egypt News, InstabilityThe Dow Jones declined 1.4% on Friday, as Egypt- and Africa-themed funds fell more sharply
January 28, 2011
PIMCO: Emerging Asia Junk Debt Offers Best Return for 2011Indonesia of particular interest to the company’s head of emerging Asia portfolio management.
January 28, 2011
Waiting for a Buying Opportunity in the Muni MarketThere are two sides to every rational argument.
January 28, 2011
Best of AdvisorOne: Top Five Tax Planning ArticlesThe top stories in January from AdvisorOne on taxes: new tax legislation, IRS rules, IRAs and cash balance pension plans
January 28, 2011
Sarkozy, Dimon Face Off Over RegulationJPMorgan Chase CEO Jamie Dimon got a surprise at Davos when he rose to ask French President Nicolas Sarkozy not to impose over-regulation on banks.
January 28, 2011
Employment Cost Index Sees Second Lowest Rise in Nearly Three DecadesWages and benefits increased 2% last year after a 1.4% increase in 2009, the Labor Dept. reported Friday in its Employment Cost Index. Both years were the smallest gains in 28 years.
January 28, 2011
Stocks Dip After GDP Report DisappointsStocks fell in early trading Friday after the GDP report showed that the U.S. economy isn't growing as quickly as economists expected.