Economy & Markets
The important economic and stock market news that advisors need to know.
ECB, Bundesbank Leaders Butt Heads on Bond Sales
By Marlene Y. SatterECB President Jean-Claude Trichet stated Sunday that the governing council as a whole did not agree with the views of Bundesbank chief, Axel Weber, regarding the bond-buying policy.
October 14, 2010
The Top Five Exceedingly Wrong Economic PredictionsWith elections upon us, we take a look back at some of the wackier economic predictions, some panic induced, some more likely drug induced. We hope you find them as entertaining as we did.
October 14, 2010
New Board Confidence Index: ‘Barely Optimistic’ About EconomyA new index that debuted Thursday measures the confidence of company executives in a way that, according to the index's originators, "provides the view...
October 14, 2010
Trade Deficit Wider; Weekly Jobless Claims Up; PPI HigherThe markets spent the day digesting a raft of economic news that showed a widening trade deficit, a stubbornly high rate of unemployment, and a higher price of goods for U.S. businesses at the producer level.
October 13, 2010
Lazard Offers New Services to Hedge ClientsEagle Investment Systems, a subsidiary of BNY Mellon, announced Tuesday that Lazard Capital Markets' Prime Services division has deployed Eagle's suite of services designed for Lazard's hedge fund brokerage clients.
October 13, 2010
JPMorgan Q3 Earnings Rise 23%; Still Struggling With MortgagesIn the finance sector's first major earnings release for third-quarter 2010, JPMorgan Chase on Wednesday reported earnings per share of $1.01, handily beating analysts' expectations of $0.89.
October 13, 2010
Treasuries, 100-Year Bonds and JunkYields are low. Gold is high. Will reaching for yield backfire on investors once again?
October 12, 2010
Allianz Life introduces first FIA income rider to offer inflation-protected income paymentsAllianz Life Insurance Company of North America, Minneapolis, has announced the launch of the Simple Income III Rider on the MasterDex X Fixed Index Annuity