Economy & Markets
The important economic and stock market news that advisors need to know.
Bernanke Signals No Immediate Moves
By Martin CrustsingerChairman Ben Bernanke said the Fed is prepared to take further steps to lift the U.S. economy if it weakens. But he didn't signal any imminent action in testimony before a congressional panel Thursday.
June 07, 2012
Spain Auction Beats TargetAlthough yields were at a high not seen since November, Spain exceeded its target at a Thursday bond sale, easing fears that financial markets were closed to the country.
June 06, 2012
ECB Sees Gradual Recovery, Leaves Rates UnchangedEuropean Central Bank president Mario Draghi undermined hopes of a rate cut Wednesday, saying the bank's earlier forecast for a gradual recovery this year is accurate.
June 06, 2012
Bill Clinton Seeks Obama Win (But He Likes George Bush, Too)"I thought he was awesome," said one Pershing colleague to another at the close of Clintons keynote address at the BNY Mellon companys annual conference in Hollywood, Fla.
June 06, 2012
Why Advisors Should Never Let a Crisis Go to WasteI was able to take a miserable day and turned it into one of the best PR days Ive had, Jim Person said at Curian Capital's semiannual advisor gathering.
June 06, 2012
Oppenheimer Pays $35 Million for Misleading Advisors and ShareholdersStandard investment industry warnings about reading the prospectus would have done little good to investors in two Oppenheimer bond mutual funds, whose misleading statements cost the fund company $35 million in SEC sanctions.
June 06, 2012
Spanish Industrial Output FallsThe news for Spain just kept getting worse on Wednesday as its industrial output fell the most since October 2009.
June 05, 2012
Poland: Biggest Bargain in Europe?Poland isnt key to Europes future, it may be Europes future.