Economy & Markets
The important economic and stock market news that advisors need to know.
Cameron to Push for EU Budget Freeze at Meeting
By Marlene Y. SatterThe EU is planning on instituting a 6% budget increase at the European summit meeting on Thursday in Brussels, but Britain is not happy about it and its prime minister plans to put a stop to it.
October 27, 2010
Schwab Impact: CRM Partners Announced for Tech Platform; Paulson Reflects on CrisisAt the opening session of Schwab Impact 2010 in Boston, Jim McCool, the executive VP who oversees Schwab Institutional Services, and Bernie Clark, who heads Schwab's Advisor Services custodial platform for advisors, announced the first partners for Schwab Advisor Services.
October 27, 2010
At Schwab Impact, Skepticism Voiced Over 'New Normal'During the pre-conference opening session at Schwab Impact 2010 in Boston on Tuesday evening, advisors in the audience responded warmly to skepticism that the markets and economy is marked by a "new normal" as espoused by PIMCO's Bill Gross and Mohammed El-Erian.
October 26, 2010
At Schwab Impact, Optimism Reigns on the Markets and EconomyKicking off Schwab Advisor Services' Impact 2010 conference in Boston, a panel consisting of Liz Ann Sonders, Schwab's chief investment strategist, and Ariel Investments' president said they were optimistic about the economy and the markets for the rest of 2010 and into 2011.
October 26, 2010
S&P/Case-Shiller Show Home Prices Still Falling; Consumer Confidence ImprovesAnnual growth rates fell in 17 out of 20 cities, and home prices fell in 15 out of 20 cities, according to the latest S&P/Case-Shiller results released Tuesday.
October 26, 2010
TD Ameritrade's Q3 EPS of 20 Cents Disappoint ExpectationsTD Ameritrade (AMTD) on Tuesday said its third-quarter net income dropped to $113.96 million versus $179.44 million in the second quarter, or $0.20 earnings per...
October 25, 2010
SPARK: Think Before Doing Roth ConversionsA retirement services trade group is encouraging employers to think about the implications before using a new 401(k) and 403(b) plan Roth conversion law.
October 25, 2010
IPO Market Has Biggest Week of Year With $23 Billion RaisedPublic offerings in Asia and South America have been particularly strong, reports Renaissance Capital.