Economy & Markets
The important economic and stock market news that advisors need to know.
Consumer comfort in U.S. cools after reaching 9-week high
By Erin RomanSentiment among Americans who earn more than $100,000 a year fell last week from its highest level since early May.
July 08, 2015
How to Handle Clients Worried About Greece, ChinaOppenheimerFunds recently held a webinar outlining ways advisors can manage expectations and address client concerns during meetings.
July 08, 2015
Americans' income drop last decade makes U.S. a world rarityThe U.S. is the only developed economy to slip backwards on the share of its people living on more than $50 a day.
July 08, 2015
NYSE Resumes Trading on Two Markets After Hours-Long HaltThe New York Stock Exchange began reopening its two equity venues that were shut down for hours Wednesday by a computer malfunction.
July 08, 2015
New York Stock Exchange Suspends TradingEquity trading was halted at the NYSE as the biggest American share venue addressed a computer malfunction and canceled open orders.
July 08, 2015
Greece pointed to exit door as European leaders harden toneThe ECB will end its support for Greece if there is no political accord in sight, said ECB board member Christian Noyer.
July 07, 2015
Fed looks set to postpone rate increase amid Greece turmoilThe U.S. central bank probably wont raise borrowing costs until the first quarter of next year, based on a Morgan Stanley index.
July 07, 2015
China’s Market Rout Spreads Despite Government EffortsThe Chinese stock market is crashing, unnerving markets around the world. But even after the losses, China's mainland markets are still up for the year.