Economy & Markets
The important economic and stock market news that advisors need to know.
Outlook 2011: Personal Finance
By Joyce HansonThe forecast for personal finance in 2011 is partly cloudy for U.S. consumers but sunny for stock investors, said analysts on Wednesday at a Thomson Reuters panel talk.
December 09, 2010
Grinch Takes a Holiday as More Company Bonuses, Parties Are GivenCall it a Christmas miracle; more companies are offering their employees bonuses and other holiday perks this year, CareerBuilder.com announced Wednesday.
December 09, 2010
Fitch Slashes Ireland’s Rating; 2 Banks to Offer Restructuring PlansFitch Ratings on Thursday dropped Ireland’s credit rating from A+ to BBB+, citing the costs of the banking system restructure and support, as well as ongoing contingent liabilities.
December 08, 2010
Envision Capital’s Cohen: Beware! The Bond Vigilantes Are HereIt seems like just a couple of months ago that 10-year-bond yields were at 2.38%. Oh, yes. It was exactly two months ago. So what happened since Oct. 8?
December 08, 2010
IMF Chides Eurozone Ministers for InactionThe head of the International Monetary Fund (IMF) criticized the member nations of the eurozone on Tuesday for failing to take forthright action in response to the crisis of confidence over the past weeks.
December 08, 2010
Year-End Muni Bond Glut Creates Buying OpportunityYields on municipal debt at levels not reached since May.
December 08, 2010
Ireland Austerity Budget Passes First RoundOn a day that was as cold and dismal as something out of Dickens, Ireland's Parliament voted Tuesday to accept the severe austerity budget presented by Prime Minister Brian Cowen.
December 07, 2010
MetLife Projects Income, Revenue GainsMetropolitan Life Insurance Co. anticipates gains in net income and revenue for the fourth quarter and fiscal year, the company has announced.