Economy & Markets
The important economic and stock market news that advisors need to know.
NYSE Euronext Beats Estimates, Reports Weakening Sales
By Janet LevauxTransaction and clearing fees for the stock exchange were down 14.5% to $726 million in the third quarter
November 01, 2010
Our Worst EnemyI was in my car listening to afternoon drive-time, psychobabble BS when the guest said, "I don't fix problems, I fix people." Simple enough--people cause...
November 01, 2010
Behind the Numbers with Jeffrey KleintopWe expect the economy and markets will stay on the course for growth in 2010. We are maintaing our forecasts for the year, which include:...
November 01, 2010
Credit Where Credit Is DueUsing credit scores in an economy that has seen millions put out of work and into foreclosure is unfair and subjects consumers to unreasonable rate increases.
November 01, 2010
1st Global Hires Art Laffer as Economic AdvisorDallas-based broker-dealer 1st Global announced Monday that Dr. Arthur B. Laffer, "Father of Supply-Side Economics" and inventor of the Laffer Curve, will be an...
November 01, 2010
Midterm Elections and Fed Meets on QE2: Advisor Briefing for the Week of November 1, 2010There are two big market-moving events this week: the midterm elections on Tuesday and the FMOC meeting that concludes Wednesday.
November 01, 2010
Manufacturing Sees Continued Gains but Income, Spending FalterOn the eve of Election Day, Monday's economic news showed that manufacturing expanded nationwide in October for the 15th consecutive month while Americans spent more and earned less in September.
November 01, 2010
Chinese Bank Buys U.S. Broker-DealerIndustrial & Commercial Bank of China Ltd., China's largest lender, is venturing into the broker-dealer business in the U.S., one of the most telling new signs of the rise of Chinese financial institutions in the world economy.