Economy & Markets
The important economic and stock market news that advisors need to know.
10 Most Expensive Cities: UBS Report
By Kate McBrideOslo, Zurich and Geneva top the list of the 'most expensive cities,' the updated UBS report says.
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.
September 20, 2010
Housing Market Index in September Continues August's Dismal LevelFigures released Monday for the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for September held steady at 13, tying August's low.
September 19, 2010
Gold Rises on Fears Even as Markets Poised to SoarEven though gold set new records on Friday, there was hope among U.S. investors that the S&P 500 would break 1,130 next week if there were even a hint of good news from the Fed.
September 19, 2010
Maritime Savings Becomes 125th Bank to Fail This YearThe Maritime Savings Bank in West Allis, Wisc., was closed Friday by the FDIC.
September 19, 2010
Anniversary of Lehman’s Collapse Brings Praise for TARP BailoutOn Sunday, the second anniversary of the collapse of Lehman Brothers, analyst Fareed Zakaria on CNN's GPS said that TARP prevented the economy from being in far worse shape.
September 18, 2010
Renaissance Capital’s Kathy Smith on When the IPO Pipeline Will Thaw: The Weekend InterviewWhen will the IPO tap thaw? Soon, says Renaissance Capital Principal Kathleen Shelton Smith, but only after we're fully into the back-to-work fall season and company executives feel more confident about where they're headed in terms of taxes, regulation, and health care.
September 17, 2010
SEC, CFTC Hear Testimony on New Rules Governing SwapsAdvisorOne.com's sister publication, FuturesMag.com, reported Thursday on the Securities and Exchange Commision (SEC) and the Commodity Futures Trading Commission's (CFTC) joint roundtable discussion as the two regulators move to start writing rules governing swaps.