Economy & Markets
The important economic and stock market news that advisors need to know.
Institutional Assets Are Bouncing Back, the Conference Board Says
By Kate McBride2009 saw recovery to levels seen before the crisis, though asset mix differs.
November 15, 2010
Retail Sales Rose in October Ahead of Holiday ShoppingEven before consumers begin their holiday shopping in earnest, U.S. retail sales in October posted their biggest increase in seven months, though the lion's share of that gain was in auto sales.
November 15, 2010
LPL (and GM) IPO; Lame Duck Congress Returns: Advisor Briefing for the Week of Nov. 15, 2010The big market moving--and advisor-related news--of the week concerns initial public offerings of LPL Financial, expected on Wednesday, Nov. 17, the same day that GM will launch its IPO.
November 15, 2010
APEC Pushes Free TradeA second summit meeting, that of the Asia-Pacific Economic Cooperation (APEC) group of 21 nations, held in the wake of the G20 meetings that ended Friday saw a similar tone: the current economic policies of the U.S. were not popular with China.
November 15, 2010
Trade, Tax Cuts, Debt Commission Dominate Axelrod InterviewOn Sunday's Meet the Press, host David Gregory challenged David Axelrod, President Barack Obama's chief advisor, on two economic issues high on Washington's agenda right now: trade and tax cuts.
November 15, 2010
Ireland Denies Need for Bailout After EU TalksDespite increased borrowing costs and rumors of a possible bailout, Ireland's minister of enterprise, trade and innovation said Sunday that the countrywas not in need of rescueand has funding till the middle of 2011.
November 14, 2010
A Good Hedge Beats LeverageThe Dow took a 2.2% haircut this past week. Since stocks on average generate returns of 6.5% above the rate of inflation per year, and...
November 12, 2010
Minimal Progress Made as G20 Talks CloseLeaders of the countries that comprise the Group of 20 industrial and developing economies delayed until next year any action to address trade and...