Economy & Markets
The important economic and stock market news that advisors need to know.
Income, Spending Flat in June as Pending Home Sales, Factory Orders Fell
By Joyce HansonBullish economic news was not to be found on August 3 as personal income and spending were reported flat in June while wages paid fell. Pending home sales declined, and factory orders fell for the second month in a row.
August 01, 2010
How the Euro-Zone Affects U.S. MarketsThe government debt crisis involving Greece, Spain, Portugal and other European countries has been pretty good for the United States. It provided a moral satisfaction,...
July 30, 2010
Janus, Perkins Link Up to Launch New Income FundJanus Capital Group rolled out Perkins Value Plus Income Fund, the first product it will jointly manage with another firm, on Thursday, July 29.
July 30, 2010
Economic Growth Slowed to 2.4% in Q2, but Michigan/Reuters Index Rose in JulyThe economy grew at a 2.4% pace in the second quarter, the Commerce Department reported Friday, July 30, a little less than economists had predicted and slower than the upwardly revised 3.7% rate for the GDP in the first quarter.
July 29, 2010
Genworth Swings to a Profit, Disappoints AnalystsOperating earnings were $0.24 per share; Wall Street expected $0.28 per share
July 27, 2010
New year, old worriesAre boomers getting more optimistic as we move out of 2009? Not really. The Principal Financial Well-Being Index asked retirees if they felt better off...
July 27, 2010
In Client Letter, Evensky on the Markets and Portfolio Building NowNoted advisor recalls the recent past and looks ahead; CIO to hold conference call July 27.
July 26, 2010
Net worth on the rise for seniorsNet worth has increased almost 80 percent for older Americans over the past 20 years.