Economy & Markets
The important economic and stock market news that advisors need to know.
CEO Confidence Ebbs, Employees’ Edge Higher
By Marlene Y. SatterReports show business leaders bearish on future, employees not as much.
October 07, 2010
Russell Launches Global Infrastructure and Global Credit Strategies FundsAiming to capture opportunities created by the global shift in financial markets, Russell Investments launched the Russell Global Infrastructure Fund and the Russell Global Credit Strategies Fund on Wednesday.
October 07, 2010
Weekly Jobless Claims Drift Down; Retail Sales Edged Up in SeptemberCan it be that unemployment is looking up? According to the Department of Labor on Thursday, "the advance figure for seasonally adjusted initial claims was 445,000, a decrease of 11,000 from the prior week.
October 07, 2010
Bank of England, European Central Bank Keep Rates SteadyBank of England continues quantitative easing.
October 06, 2010
The Rich Got PoorerThe percentage of total individual income going to the top earners shrank dramatically in 2008, according to the Tax Foundation.
October 06, 2010
Fitch Cuts Ireland’s Rating on Bailout ConcernsRatings agency Fitch cut Ireland's credit worthiness another notch Wednesday, citing the country's long fight to emerge from record deficits, the toughest bank-bailout effort in Europe and a lagging economy.
October 06, 2010
IMF Cuts U.S. Growth Forecasts through 2011The International Monetary Fund cut its forecast for growth in the United States through 2011, predicting a lackluster rebound hurt by low consumer spending.
October 06, 2010
OppenheimerFunds Promotes Steinmetz to CIOMutual fund behemoth OppenheimerFunds, Inc. announced Wednesday that Art Steinmetz has been promoted to chief investment officer.