Economy & Markets
The important economic and stock market news that advisors need to know.
Government Shutdown Ends, Debt Default Averted
By Steven R. HurstFederal employees began returning to work on Thursday after the legislation passed both houses of Congress late Wednesday and was signed into law by President Barack Obama just after midnight.
October 16, 2013
BofA Posts Big Jump in Profits; Piper Jaffray Results WeakenAdvisor productivity hits $1.3 million for veteran reps at Merrill Lynch.
October 16, 2013
ThinkAdvisor’s 2013 Q3 Earnings Calendar for the Finance SectorThe third-quarter 2013 earnings period is now under way, with many finance sector companies reporting.
October 15, 2013
Debt Ceiling Deal ‘Still Far Off,’ Says White HouseWith only two days left before the deadline, White House Press Secretary Jay Carney said Tuesday afternoon that no deal was near.
October 14, 2013
Better Economic Times Ahead for Greece?Greeces economy is finally showing some signs of recovery, and it can be attributable to many things.
October 14, 2013
S&P to Lose Nearly 16% by Year End: Wells Fargo AnalystGina Martin Adams says consumer staples and earnings growth are likely to weaken further in Q4, though one ETF is bucking the trend.
October 14, 2013
Reid, McConnell Fight Next Round on Debt, Raising HopesAs Senate Majority Leader Harry Reid and Senate Minority Leader Mitch McConnell negotiate, a Schwab survey shows investors are still thinking long term.
October 14, 2013
Faber Blasts ‘Idiocies’ of Bloated GovernmentDoomsayer Marc Faber says the government is dysfunctional, too large, and "wasting money left, right and center."