Economy & Markets
The important economic and stock market news that advisors need to know.
Rangel Convicted of Ethics Violations
By John SullivanDemocratic Representative Charles Rangel, Congress's former chief tax writer, was convicted by a congressional panel on Tuesday.
November 16, 2010
Millionaires Have Remained in the Market: U.S. Bank SurveyMost U.S. millionaire investors have stayed in the market despite the recession, a fragile recovery and continued market volatility, according to a survey released Monday by U.S. Bank.
November 16, 2010
Industrial Production Up; October’s PPI Increase Fueled by Gas PricesFactories chugged away in October, recording their biggest increase in three months, and producer prices were up as well, thanks to rising gas prices.
November 15, 2010
Corporate Debt Safer Than Euro Zone Sovereign DebtEurope's sovereign debt crisis has turned the region's credit markets upside down.
November 15, 2010
Institutional Assets Are Bouncing Back, the Conference Board Says2009 saw recovery to levels seen before the crisis, though asset mix differs.
November 15, 2010
Conservative Economists Call on Bernanke to Abandon QE2A who's who of conservative economists and pundits launched a campaign this week to urge Fed chairman Ben Bernanke to abandon plans to purchase $600 billion in assets.
November 15, 2010
Tiger 21 Investors Voice Investment ConcernsMembers cite 'political risk, inflation, deflation' as important risks
November 15, 2010
Retail Sales Rose in October Ahead of Holiday ShoppingEven before consumers begin their holiday shopping in earnest, U.S. retail sales in October posted their biggest increase in seven months, though the lion's share of that gain was in auto sales.