Economy & Markets
The important economic and stock market news that advisors need to know.
Consumer Sentiment Down in October
By Marlene Y. SatterDropping to a level not seen since last November, the Thomson Reuters/University of Michigan's final October reading on the consumer sentiment index posted Friday at 67.7, down from last month's 68.2.
October 28, 2010
Genworth Posts Strong Q3 Earnings on Retirement SegmentGenworth Financial reported Thursday net income of $83 million for the third quarter, or $0.17 per diluted share, far exceeding third-quarter 2009's report of $19 million.
October 28, 2010
Ibbotson Report Shows Q3 Equities ReboundedIbbotson Associates, a subsidiary of Morningstar, released a report on Tuesday that found equity markets rebounded in third-quarter 2010.
October 28, 2010
Japan Keeps Rates Near Zero, Details Asset-Purchase PlanThe Bank of Japan held off on further action on monetary easing on Thursday, instead keeping interest rates close to zero and announcing the details of its previously announced plan to buy up assets.
October 28, 2010
France Sees Treaty, Budget Acceptance by EUThe EU summit being held Thursday and Friday said that it was expected that EU rulers would accept sanctions against nations violating debit and deficit rules, but the sticking point was over a proposal put forth by Germany and France that would keep fiscal violators from voting.
October 28, 2010
At Schwab Impact, Valliere Says Political Gridlock Will Be Good for MarketsRemoving the uncertainty over the election's outcome and the expiring Bush-era tax cuts may very well help corporate America "spend some of that $1 trillion they're sitting on," Greg Valliere says.
October 27, 2010
Symetra Reports Strong Q3 EarningsSymetra Financial Corp. reported Wednesday third quarter net income of $56.6 million, or $0.41 per diluted share, up from $44.1 million in third quarter 2009.
October 27, 2010
Argentina’s Former President, Nestor Kirchner, Dies UnexpectedlyN?stor Kirchner, former president of Argentina who brought the country out of its 2001 economic collapse, died of a heart attack on Wednesday at the age of 60.