Economy & Markets
The important economic and stock market news that advisors need to know.
Ibbotson Report Shows Q3 Equities Rebounded
By Danielle AndrusIbbotson Associates, a subsidiary of Morningstar, released a report on Tuesday that found equity markets rebounded in third-quarter 2010.
October 28, 2010
At Schwab Impact, Valliere Says Political Gridlock Will Be Good for MarketsRemoving the uncertainty over the election's outcome and the expiring Bush-era tax cuts may very well help corporate America "spend some of that $1 trillion they're sitting on," Greg Valliere says.
October 27, 2010
Symetra Reports Strong Q3 EarningsSymetra Financial Corp. reported Wednesday third quarter net income of $56.6 million, or $0.41 per diluted share, up from $44.1 million in third quarter 2009.
October 27, 2010
Argentina’s Former President, Nestor Kirchner, Dies UnexpectedlyN?stor Kirchner, former president of Argentina who brought the country out of its 2001 economic collapse, died of a heart attack on Wednesday at the age of 60.
October 27, 2010
Cameron to Push for EU Budget Freeze at MeetingThe EU is planning on instituting a 6% budget increase at the European summit meeting on Thursday in Brussels, but Britain is not happy about it and its prime minister plans to put a stop to it.
October 27, 2010
Calamos Posts Higher Revenues on Increased AUMCalamos Asset Management Inc. reported better-than-expected third quarter results late Tuesday with revenues topping $78 million, a 6% increase over the third quarter of 2009.
October 27, 2010
New Home Sales Rose 6.6% in September; Durable Goods Sales UpEconomic data released Wednesday showed that in September new home sales were higher and durable goods orders also rose, but not in a way that signals long-term growth.
October 27, 2010
Schwab Impact: CRM Partners Announced for Tech Platform; Paulson Reflects on CrisisAt the opening session of Schwab Impact 2010 in Boston, Jim McCool, the executive VP who oversees Schwab Institutional Services, and Bernie Clark, who heads Schwab's Advisor Services custodial platform for advisors, announced the first partners for Schwab Advisor Services.