Economy & Markets
The important economic and stock market news that advisors need to know.
Meredith Whitney Sounds Alarm on Municipal-Bond Defaults
By Gil WeinreichIs Meredith Whitney right this time about looming failures that could rock the markets?
December 23, 2010
Gold Rings, French Hens Lead to Pricey 12 Days of Christmas 2010Despite the tough economy, the price of the 12 Days of lore has gone up. A lot. In fact, it saw the second highest jump ever, according to PNC’s Christmas Price Index.
December 23, 2010
November U.S. Personal Income and Spending Rise; Savings DeclinesThe Department of Commerce said reported that both personal income and expenditures rose in November, while the savings rate fell.
December 23, 2010
Consumer Confidence Improves to Highest Level in Six MonthsReuters/University of Michigan surveys cites improved employment expectations as reason.
December 23, 2010
Outlook 2011, Global and U.S. Equities: T. Rowe Price Sees 'Scary' Macro, 'Encouraging' MicroIn the ‘battle of macro versus micro,’ there’s risk and opportunity, counsel the deep thinkers and PMs at T. Rowe Price.
December 23, 2010
GAO Gives Thumbs-Down to U.S. Financial Statements (for the 14th Time)Government Accounting Office can’t issue an opinion due to issues at Defense, Homeland Security and Labor departments
December 22, 2010
Broker-Dealer Stocks: Few Beat S&P in 2010Stellar performers to date this year include Ameriprise, Raymond James and Citigroup. LPL is up about 6% since its Nov. 18 IPO.
December 22, 2010
Greeks Strike Before Austerity Budget Is Approved; Fitch Proposes DowngradeA general strike hit Greece as unions fought the additional austerity measures called for in the budget that was approved by the parliament Wednesday night.