Economy & Markets
The important economic and stock market news that advisors need to know.
Stocks Close Higher After Mixed Housing, Manufacturing News
By Joyce HansonMixed economic news on the housing and manufacturing fronts did not prevent the stock market from rising as third-quarter bank earnings showed continued strength with Citigroup's report of $2.17 billion in profits.
October 18, 2010
Citigroup Boosts Profits on Weak SalesCitigroup (C) reported third-quarter net income at $2.17 billion, or $0.07 a share, beating analysts' estimates by $0.01. Sales of $20.7 billion, however, missed estimates by $45 million.
October 18, 2010
Earnings Season, Fed Watch, and CDS Hearing: Advisor Briefing for the Week of October 18, 2010Some of the biggest financial services companies report third-quarter earnings this week, while watchers continue to parse Ben Bernanke's speech of last week.
October 17, 2010
No Social Security Pay Increase for Second Straight YearFor the second year in a row Social Security checks will not see a cost of living increase, despite some increases in the prices of goods.
October 17, 2010
ECB, Bundesbank Leaders Butt Heads on Bond SalesECB President Jean-Claude Trichet stated Sunday that the governing council as a whole did not agree with the views of Bundesbank chief, Axel Weber, regarding the bond-buying policy.
October 15, 2010
Bernanke Speaks: Low Inflation Likely to Mean More Debt PurchasesFederal Reserve Chairman Ben Bernanke said in a speech before the Boston Fed that the U.S. central bank will likely adapt its monetary policy to fight overly low inflation by buying large amounts of government debt.
October 15, 2010
CPI Showed Inflation Flat in September, but Consumers not BuyingEconomic data released Friday showed that consumer prices were flat in September, but the low rate of inflation was not enough to boost consumer sentiment.
October 14, 2010
The Top Five Exceedingly Wrong Economic PredictionsWith elections upon us, we take a look back at some of the wackier economic predictions, some panic induced, some more likely drug induced. We hope you find them as entertaining as we did.