Economy & Markets
The important economic and stock market news that advisors need to know.
Markets, LPL Trade Up Slightly for Day, Week
By Janet LevauxIPOs rise for a second day and other shares recover after falling 1.6% on Wednesday. LPL Financial moved up on its second day of trading by 1.46% to 32.60.
November 18, 2010
New Greek Budget Cuts Deep; Strikes ThreatenedTaking draconian measures that include slashing from already austere public spending and raising taxes, Greece unveiled its new proposed budget on Thursday.
November 18, 2010
Jobless Claims Rose in Week; Philly Fed Index Up in NovemberA small rise in jobless claims, accompanied by positive news from the Philly Fed and the Conference Board, signaled Thursday that the U.S. economy continues its modest recovery.
November 18, 2010
Outlook 2011, Investing: Big Payoff From High-Dividend Stocks, MFS SaysU.S. stocks will rally in 2011, with an especially strong performance among high dividend-payers, a group of MFS Investment Management strategists predicted.
November 18, 2010
Ireland Steps Back From Brink as Bailout ExpectedIreland's situation, which had grown more tenuous as fears spread of default, eased on Thursday, as Patrick Honohan, Ireland's central bank governor, said he expected loans of "tens of billions" of euros.
November 18, 2010
LPL IPO: Trading Comes as Deals Flood the MarketIn the week that LPL Financial has launched its IPO, the financial services IPO market has returned to a position of strength after passing through an unwelcoming summer period.
November 17, 2010
Distinguished Group of Former Politicians Calls for Deep CutsA bipartisan group of budget experts unveiled a bold plan to curb the deficit and overhaul the tax code Wednesday.
November 17, 2010
Ireland Teeters on Brink as Greek Deadline NearsIreland's situation grows more tenuous as fears spread of default, with Ireland still insisting it does not need outside assistance and the EU finance ministers agreeing Wednesday to prepare with the IMF for a bailout of the country.