Economy & Markets
The important economic and stock market news that advisors need to know.
Banks Raise Fees to Record Highs: Bankrate
By Marlene Y. SatterChecking account fees have risen to an all-time high, according to a study released Monday by Bankrate, Inc.
October 23, 2010
'Grey Goose Effect' Loses Altitude in Struggling EconomyWhile it was practically in vogue in boom times to pay more for vodka brands like Grey Goose and Ciroc, sadly businesses and consumers alike can no long afford the mark-up.
October 22, 2010
Editor's Blog: DIYBill Coffin asks whether it's time for the business community to stop waiting for someone else to fix the economy.
October 22, 2010
Weekly Earnings Highlights: BofA, BNY Mellon, Wells Fargo, Morgan Stanley, Raymond JamesA roundup of earnings highlights for the week of Oct. 18 compiled by the AdvisorOne staff.
October 22, 2010
Healthcare Costs Rise 7.32% From Aug. 2009The Standard & Poor's Healthcare Economic Composite Index data released Thursday show that the average per capita cost of healthcare services covered by private insurance and Medicare programs has increased by 7.32%.
October 22, 2010
Warning for Utility Bond Investors: Water Scarcity a ‘Hidden’ RiskInvestors who buy bonds financing water and electric utilities may be taking on risks they haven't bargained for, according to a new report released Friday by Ceres and Water Asset Management.
October 22, 2010
NAIC Votes on Medical Loss Ratios; Insurers UnhappyIn what was seen as a setback for insurance companies, the proposed rules on the medical loss ratio voted by NAIC on Thursday did not include any insurance-company-proposed amendments.
October 22, 2010
President's Working Group Releases Report on Money Market Fund ReformsPWG: while a number of positive reforms have been implemented, more should be done to address money market funds' susceptibility to runs.