Economy & Markets
The important economic and stock market news that advisors need to know.
Broken Jobs Machine
By Alexei BayerIn the early 1990s, when I was setting up the office of my consulting firm, we had a friend from Paris staying with us. He...
October 29, 2010
Chicago PMI Increases in OctoberThe Chicago PMI, a monthly measure of the business conditions based on surveys of purchasing managers across Illinois, Indiana and Michigan, increased for the month of October.
October 29, 2010
Employment Cost Index Rises 0.4% in Third QuarterFor the 12-month period ending September 2010, compensation costs for civilian workers increased 1.9%.
October 29, 2010
SEI Quick Poll: Upcoming Elections Breed ‘Fear and Uncertainty’ Among InvestorsNearly half of financial advisors believe the upcoming elections have created "fear and uncertainty" among their clients, according to an SEI Quick Poll released Friday.
October 29, 2010
Consumer Sentiment Down in OctoberDropping to a level not seen since last November, the Thomson Reuters/University of Michigan's final October reading on the consumer sentiment index posted Friday at 67.7, down from last month's 68.2.
October 29, 2010
GDP in Q3 Showed 2% Growth as Economy Found ‘More Traction’The nation's gross domestic product (GDP) rose by 2% in the third quarter, compared to second-quarter growth of 1.7%, the U.S. government reported Friday.
October 28, 2010
At Schwab Impact, Condoleezza Rice Addresses Political, Financial Issues"Today's headlines and history's judgment are rarely the same," Condoleezza Rice said Thursday evening to a receptive audience at Schwab Impact 2010 in Boston.
October 28, 2010
Genworth Posts Strong Q3 Earnings on Retirement SegmentGenworth Financial reported Thursday net income of $83 million for the third quarter, or $0.17 per diluted share, far exceeding third-quarter 2009's report of $19 million.