Economy & Markets
The important economic and stock market news that advisors need to know.
ING Q3 Profit Falls 26%
By Marlene Y. SatterDutch bank and insurer ING Group NV (ING) announced Wednesday that its profits were down 26% after a writedown of $701 million on its U.S. insurance division.
November 11, 2010
Tiger 21 Investors Voice Investment ConcernsMembers of the ultra-high-net-worth (UHNW) peer group Tiger 21 are "concerned about the economy/investment climate" according to an announcement from the group.
November 11, 2010
Deficit Commission's Proposals Blasted by Retirement Plan OfficialsRetirement planning officials sharply objected to the deficit reduction draft report that was released Wednesday by Erskine Bowles and Alan Simpson, co-chairs of the National Commission on Fiscal Responsibility and Reform.
November 10, 2010
Import-Export Prices Rose in October; Jobless Claims Down in WeekA week after the midterm elections and the Fed's decision to pump more money into the economy, reports on import and export prices and jobless claims don't reflect the new reality.
November 09, 2010
PIMCO's Gross: Is Bull Market in Bonds Over?PIMCO's Bill Gross says the Fed's actions will likely be the 'end of a great 30-year bull market in bonds.'
November 09, 2010
Small Business Owners More Optimistic in October: NFIB IndexAn index measuring the optimism of small business owners jumped 2.7 points, to 91.7--"not a huge move, but at least a decent jump," according to the National Federation of Independent Business on Tuesday.