Economy & Markets
The important economic and stock market news that advisors need to know.
Green Economy Indexes Out from NASDAQ OMX
By Marlene Y. SatterInvestors following the green economy now have a place to go: a new comprehensive family of indexes from the NASDAQ OMX Group.
September 22, 2010
Summers to Leave White House Post as Top Economic AdvisorLawrence Summers is expected to leave his post as director of President Barack Obama's National Economic Council once the fall elections are over.
September 21, 2010
Senate Holds Hearings on Creation of ‘National Infrastructure Bank’The Senate Banking Committee held hearings Tuesday on Capitol Hill aimed at improving the nation's infrastructure while creating jobs.
September 21, 2010
With Nowhere to Go on Rates, Fed to Keep Buying TreasuriesThe Federal Reserve's policy makers agreed Tuesday to keep interest rates at historic lows and to maintain its policy of reinvesting principal payments from mortgage bonds into Treasuries.
September 21, 2010
Irish Bond Auction Brings Sigh of ReliefHigher yields sang a siren song to investors snapping up the latest Irish bonds at Tuesday's auction, soothing just a bit of the worry surrounding Ireland's financial condition.
September 21, 2010
SEC Begins Hearings on State of Municipal Securities MarketsThe SEC launched its first in a series of field hearings on Tuesday aimed at exploring disclosure and transparency, credit ratings and internal controls in municipal securities markets.
September 21, 2010
Housing Starts Rose a Surprisingly High 10.5% in AugustThe U.S. housing market got a much-needed boost on Tuesday as the government's report on August housing starts rose at the unexpectedly strong rate of 10.5%, its highest level in four months.
September 20, 2010
The 'Great Recession' Is Over, Says Economic Research BureauNot only has the U.S. recession officially ended, but it ended way back in June 2009, the Business Cycle Dating Committee of the National Bureau of Economic Research (NBER) announced Monday.