Economy & Markets
The important economic and stock market news that advisors need to know.
EU Sets Rules on Derivatives, Shorts, CDS
By Marlene Y. SatterIn a bid to control the sort of trading that destabilized markets and put the euro in danger, the European Union proposed a series of rules governing such trades.
September 15, 2010
U.S. Stocks Close Higher on Manufacturing DataU.S. markets responded well on Wednesday to two manufacturing reports and news that import prices increased for the second consecutive month in August.
September 15, 2010
EU Sets Rules on Derivatives, Shorts, CDSIn a bid to control the sort of trading that destabilized markets and put the euro in danger, the European Union proposed a series of rules governing such trades.
September 15, 2010
Japan Intervenes in Currency Market, Buying Dollars, Selling YenFor the first time since 2004, Japanese authorities intervened in the global currency markets Wednesday, buying U.S. dollars and selling yen in a $12 billion foreign exchange designed to drive t
September 14, 2010
Lifetime Income: Witnesses Ask for Safe HarborsIf the government wants employer-sponsored retirement plans to offer lifetime income options, then Congress should protect employers against the risk that the options might produce disappointing results.
September 13, 2010
BondDesk Hires Schwab Fixed-Income V.P. Peter CampfieldFinancial technology firm BondDesk Group announced Monday, September 13 that it has hired Peter Campfield, former vice president of fixed income trading at Charles Schwab & Co., as president of the BondDesk Trading (BDT) platform.
September 10, 2010
Bond Boom Good for PIMCO, But Not for Economy, says El-ErianThe bond group also plans more equity funds, as leaders Gross, El-Erian and McCulley give the Obama Administration policy prescriptions for turning the U.S. economy around.
September 10, 2010
Obama Appoints Goolsbee as Chair of the Council of Economic AdvisersThe White House announced Friday, September 10, that President Obama has appointed Austan Goolsbee to replace Christina Romer as the Chair of the Council of Economic Advisers (CEA).