Economy & Markets
The important economic and stock market news that advisors need to know.
Scout Funds’ Moffett: Economy Is ‘Slowly Getting Stronger’
By John Sullivan2013 will be better than people think," money manager says at Schwab Impact.
November 15, 2012
Economy Seen as Debacle for Ruling Japanese PartyThe upcoming Japanese election will mean that three of Asias four largest economiesJapan, China and South Koreawill have new leaders in 2013. South Korea will elect its new president on Dec. 19, and the winner will take office in February. And China officially replaced Hu Jintao as head of the...
November 15, 2012
U.K. Retail Sales Down More Than ExpectedBank of England Gov. Mervyn King said the Monetary Policy Council had not completely ruled out an additional round of QE in the future, should it be necessary, to boost growth.
November 15, 2012
Chuck Schwab: We’ll Go Over Cliff, but Let’s Move OnIn conversation with Maria Bartiromo and the brains behind KKR, Chuck Schwab talks alternative investments, one benefit of Dodd-Frank, and why hes willing to write a bigger tax check.
November 14, 2012
Investing Outlook: ‘Sunny With a Chance of Hurricanes’Its a case of where the natural world becomes a metaphor for the financial world.
November 13, 2012
House Subcommittee Set to Release MF Global Collapse ReportOur investigation is essentially an autopsy of how MF Global came to its ultimate demise and what policy changes need to be made to prevent similar customer losses in the future, said the subcommittees chairman, Randy Neugebauer, R-Texas.
November 12, 2012
Italy Plans Trial for Fitch, S&P Over DowngradesProsecutors allege that reports by both S&P and Fitch on Italy and its banking system were leaked during business hours in at least one instance. The leak is alleged to have caused the Milan stock market to record heavy losses.
November 12, 2012
EU to Consider Caps on Banker BonusesBritains Finance Minister George Osborne, who has been outspoken in his efforts to preserve the Londons financial primacy in Europe, is expected to oppose the measure and has already said he would fight any bonus caps proposed by Brussels.