Economy & Markets
The important economic and stock market news that advisors need to know.
Maritime Savings Becomes 125th Bank to Fail This Year
By Marlene Y. SatterThe Maritime Savings Bank in West Allis, Wisc., was closed Friday by the FDIC.
September 17, 2010
SEC, CFTC Hear Testimony on New Rules Governing SwapsAdvisorOne.com's sister publication, FuturesMag.com, reported Thursday on the Securities and Exchange Commision (SEC) and the Commodity Futures Trading Commission's (CFTC) joint roundtable discussion as the two regulators move to start writing rules governing swaps.
September 17, 2010
Stocks Inch Higher for the Day and Week; Consumer Confidence Drops, CPI Stays FlatConsumer confidence fell in September even though consumer prices remained mostly flat in August, and that mixed data released Friday left stocks range-bound in typically lackluster trading.
September 17, 2010
Unemployment: Where Does Your State Rank?A state-by-state analysis of the Bureau of Labor Statistic's most recent unemployment numbers show states considered to be "rural" are close to, or in, full employment. North and South Dakota, Nebraska, New Hampshire and Vermont recorded the lowest unemployment rates, ranging from 3.6% to 6%.
September 17, 2010
Altegris Advisors Introduces Managed Futures Strategy FundsAltegris Advisors has launched the Altegris Managed Futures Strategy Fund for investors to participate in managed futures with an actively managed mutual fund.
September 17, 2010
Obama Names Elizabeth Warren to Head Consumer AgencyAlthough the news made headlines Thursday, the official announcement didn't come until Friday: Elizabeth Warren is the top cop at the new consumer financial protection bureau she originally proposed back in 2007, charged with setting it up and getting things rolling.
September 16, 2010
Dodd: Warren to Be Named Advisor of Consumer Agency, Not ChiefRepublicans up in arms over reports that Obama planned to appoint Elizabeth Warren CFPB head.
September 16, 2010
Stocks Close Mixed in Reponse to Dull Economic DataIf there were any surprises in the market on Thursday, it was only at how mildly tepid the economic news was. Stocks were mixed at market close, with the Dow up 22 points.