Economy & Markets
The important economic and stock market news that advisors need to know.
Factory Orders Rise in September
By Marlene Y. SatterIn data released Wednesday by the Department of Commerce, factory orders for September rose 2.1%, more than expected, or $8.8 billion, for a total of $420 billion.
November 03, 2010
Election 2010: GOP Wins House, but Major Reforms to Dodd-Frank, Health Care UnlikelyThe Republicans' victory in taking over the House on Tuesday means that they will do their best to reform health care and loosen the reins of regulation by the Dodd-Frank Act, but Democrats maintained control in the Senate, which will make it difficult for anything to get done.
November 03, 2010
Election 2010, Markets: Gridlock May Lead to a 'Relief Rally'Markets at home and abroad meandered around on Wednesday, digesting the news of a Republican majority in the U.S. House and more influence in the Senate, and the Federal Reserve's QE announcement.
November 02, 2010
The Hartford Reports Increased Income, AUM for Q3The Hartford reported Tuesday third quarter income of $666 million, up from a loss of $220 million one year ago.
November 02, 2010
Bank of Japan Considering ETFs and REITs to Promote ‘Risk-Taking Activity’Based on a slowing recovery and its impact on economic activity and prices, policy board members of the Bank of Japan members concurred that it was necessary for the bank to further enhance monetary easing.
November 02, 2010
Protectionism Block Seen as Doha BenefitIn a workshop on recent analyses of Doha attended by leading trade economists at the invitation of the WTO, a block on protectionism and its corresponding increases in tariffs was seen as potentially the biggest benefit from Doha's efforts to free up world trade.
November 02, 2010
AIG to Repay $37 Billion to U.S. After SalesAIG has raised a total of approximately $37 billion with which to repay the federal government after an IPO of AIA of Hong Kong and American Life Insurance Co. to MetLife, according to a report from NU Online News Service on Monday.
November 02, 2010
'Old Normal' S&P 500 Rally Beating 'New Normal': Was Ken Fisher Right?The controversy over 'new normal' continues to grow.