Economy & Markets
The important economic and stock market news that advisors need to know.
Ireland Unveils 4-Year Austerity Plan; Two Large Banks to Be Taken Over
By Marlene Y. SatterIreland unveiled its four-year austerity plan on Wednesday, which included the take over of two of the country's largest banks.
November 23, 2010
Existing Home Sales Slide, as Q3 GDP Is Revised UpwardExisting home sales fell 2.2% in October after two months of gains, to a seasonally adjusted rate of 4.43 million. Even as home sales...
November 23, 2010
Irish Government Collapses Under Weight of DebtBrian Cowen, Ireland's prime minister, said that he will dissolve his government once the austerity budget necessary for an EU-IMF aid package is passed.
November 22, 2010
Success story: Helping your clients SWAN (sleep well at night)A few months ago, I had the opportunity to really experience the client satisfaction and gratitude and peace of mind that our experience and caring can provide to the people who ask for our help.
November 22, 2010
FBI Raids Three Hedge Fund OfficesThe FBI raided the offices of three hedge funds Monday, seeking documents related to a series of insider trading investigations directed by the office of Manhattan U.S. Attorney Preet Bharara.
November 22, 2010
Slow Growth for 2011, No Double-Dip Recession, Say Leading EconomistsIn the vein of "no news is good news" a group of economists says its forecast remains the same--slow growth for 2011.
November 22, 2010
Ireland’s Acceptance of Bailout Fails to Impress MarketsAlthough Ireland formally accepted the need for a bailout, requesting help from the EU and International IMF on Sunday, the world markets failed to be impressed on Monday.
November 22, 2010
E-Commerce Sales Continue Steady Growth in Q3Retail sales made over the Internet are on a steep upward trend, even though as yet such sales, for Q3 2010, only make up 4.2% of total retail sales in the U.S.