Economy & Markets
The important economic and stock market news that advisors need to know.
Geithner’s Tough Talk on Chinese Yuan Disappoints
By Joyce HansonTreasury Secretary Geithner said the Obama administration will get tougher on China, suggesting that the United States' trading partner must curb its currency manipulation.
September 15, 2010
EU Sets Rules on Derivatives, Shorts, CDSIn a bid to control the sort of trading that destabilized markets and put the euro in danger, the European Union proposed a series of rules governing such trades.
September 15, 2010
Economist and Strategist Both Say ‘Double-Dip’ Recession Not Likely"We do not expect a double-dip recession," according to Bank of New York Chief Economist, Richard B. Hoey in his latest "Economic Update," released Monday.
September 15, 2010
Soros Says Gold Is the ‘Ultimate Bubble’In an interview with Chrystia Freeland of Reuters, billionaire financier George Soros said Wednesday that, despite setting records this week, gold prices may continue to rise.
September 15, 2010
U.S. Stocks Close Higher on Manufacturing DataU.S. markets responded well on Wednesday to two manufacturing reports and news that import prices increased for the second consecutive month in August.
September 15, 2010
EU Sets Rules on Derivatives, Shorts, CDSIn a bid to control the sort of trading that destabilized markets and put the euro in danger, the European Union proposed a series of rules governing such trades.
September 15, 2010
Japan Intervenes in Currency Market, Buying Dollars, Selling YenFor the first time since 2004, Japanese authorities intervened in the global currency markets Wednesday, buying U.S. dollars and selling yen in a $12 billion foreign exchange designed to drive t