Economy & Markets
The important economic and stock market news that advisors need to know.
ADP: 39,000 Jobs Lost in September; Challenger Says Downsizing Is Flat
By Joyce HansonPrivate-sector employment fell by 39,000 from August to September on a seasonally adjusted basis, according to the payroll company ADP's national employment report released Wednesday.
October 06, 2010
China Warns EU to Back Off on Currency RevaluationThe summit in Brussels saw some verbal tussling on Wednesday as China Premier Wen Jiabao warned the EU to stop pressuring for a revaluation of the yuan.
October 06, 2010
Fidelity Reports Record for Its Muni Bond UnderwritingThe institutional trading arm of Fidelity Investments, Fidelity Capital Markets, reported that it participated in a record number of new municipal bond issues for the first three quarters of 2010.
October 06, 2010
Allianz Offers Inflation-Protected Annuity RiderAllianz Life announced Tuesday the launch of a lifetime income rider for fixed index annuities that will provide income-protected payments.
October 05, 2010
When New York Fed’s William Dudley Speaks, People ListenDudley outlined two steps the Fed could take to help mitigate some of the current economic woes. Did he go too far or just far enough?
October 05, 2010
Japan Cuts Interest Rate, Buys Treasuries; ISM Survey FallsJapan's central bank caused a stir on Tuesday when it lowered the benchmark interest rate from the previous target of 0.1% to a new rate of 0%-0.1%.
October 05, 2010
Morningstar Reclassifying Global Equity FundsMorningstar's new system will better reflect companies' sensitivity to "economic cycles."
October 05, 2010
Millenials, Gen Xers Seek Stodgy Security, Says Guardian LifeInsurance policy buyers under the age of 40 are choosing whole life over other asset alternatives and paying off their policies early, according to Guardian Life Insurance Co. of America.