Economy & Markets
The important economic and stock market news that advisors need to know.
1st Global Hires Art Laffer as Economic Advisor
By John SullivanDallas-based broker-dealer 1st Global announced Monday that Dr. Arthur B. Laffer, "Father of Supply-Side Economics" and inventor of the Laffer Curve, will be an...
November 01, 2010
Chinese Bank Buys U.S. Broker-DealerIndustrial & Commercial Bank of China Ltd., China's largest lender, is venturing into the broker-dealer business in the U.S., one of the most telling new signs of the rise of Chinese financial institutions in the world economy.
November 01, 2010
Broken Jobs MachineIn the early 1990s, when I was setting up the office of my consulting firm, we had a friend from Paris staying with us. He...
October 31, 2010
Republicans and Democrats Spar Over Tax Cuts, Economy as Election NearsAs the hours dwindle down to Tuesday's election, the talk Sunday from the likes of Sen. Robert Menendez (D-N.J.) was about the economy, tax cuts and the deficit.
October 31, 2010
As Hindenburg Omen Fades, the Golden Cross RisesJim Miekka, the Hindenburg Omen maker, is now bullish as a new sign points upward.
October 29, 2010
Chicago PMI Increases in OctoberThe Chicago PMI, a monthly measure of the business conditions based on surveys of purchasing managers across Illinois, Indiana and Michigan, increased for the month of October.
October 29, 2010
Employment Cost Index Rises 0.4% in Third QuarterFor the 12-month period ending September 2010, compensation costs for civilian workers increased 1.9%.
October 29, 2010
SEI Quick Poll: Upcoming Elections Breed ‘Fear and Uncertainty’ Among InvestorsNearly half of financial advisors believe the upcoming elections have created "fear and uncertainty" among their clients, according to an SEI Quick Poll released Friday.