Economy & Markets
The important economic and stock market news that advisors need to know.
At Schwab Impact, Skepticism Voiced Over 'New Normal'
By James J. GreenDuring the pre-conference opening session at Schwab Impact 2010 in Boston on Tuesday evening, advisors in the audience responded warmly to skepticism that the markets and economy is marked by a "new normal" as espoused by PIMCO's Bill Gross and Mohammed El-Erian.
October 26, 2010
TD Ameritrade's Q3 EPS of 20 Cents Disappoint ExpectationsTD Ameritrade (AMTD) on Tuesday said its third-quarter net income dropped to $113.96 million versus $179.44 million in the second quarter, or $0.20 earnings per...
October 25, 2010
SPARK: Think Before Doing Roth ConversionsA retirement services trade group is encouraging employers to think about the implications before using a new 401(k) and 403(b) plan Roth conversion law.
October 25, 2010
IPO Market Has Biggest Week of Year With $23 Billion RaisedPublic offerings in Asia and South America have been particularly strong, reports Renaissance Capital.
October 25, 2010
Banks Raise Fees to Record Highs: BankrateChecking account fees have risen to an all-time high, according to a study released Monday by Bankrate, Inc.
October 25, 2010
Home Prices and Sales, Earnings and GDP: Advisor Briefing for the Week of Oct. 25, 2010Earnings season begins to wind down--though TD Ameritrade, Ameriprise, and some big insurers report this week--as the political season heats up prior to next week's midterm elections. The final pre-election reports include third-quarter GDP, new and existing home sales and two readings on consumer sentiment.
October 24, 2010
G20 Gives Emerging Nations Greater VoiceThe G20, in a surprise move, agreed Saturday to allow emerging nations a greater say in the IMF and also agreed to stay away from competitive currency devaluations.
October 23, 2010
'Grey Goose Effect' Loses Altitude in Struggling EconomyWhile it was practically in vogue in boom times to pay more for vodka brands like Grey Goose and Ciroc, sadly businesses and consumers alike can no long afford the mark-up.