Economy & Markets
The important economic and stock market news that advisors need to know.
Obama’s 2013 Budget Raises Taxes on Top Earners, Bolsters SEC Budget
By Melanie WaddellPresident Barack Obama on Monday released his 2013 budget to Congress, which includes boosting taxes for higher income earners as well as allocating more funds to the SEC.
February 13, 2012
ANZ Bank to Cut 1,000 Jobs, Freeze Exec PayThe announced job cuts will be domestic and will be made by Sept. 30. They will primarily affect middle management, back office and support staff.
February 13, 2012
US Stocks Gain Following Latest Greek Debt DealU.S. stocks rose Monday after Greece's parliament voted for spending cuts so it can get a bailout to save the country from bankruptcy.
February 13, 2012
Greece Adopts Austerity PlanAs Athens burned, the Greek Parliament approved a new budget cuts aimed at getting international relief for its debt.
February 13, 2012
S&P on Europe: Better to Be in Than OutYes, the region has problems, but S&P Capital IQ says its turned more positive on the area, citing the ECBs move to ease pressure on banks.
February 11, 2012
Stand-Alone Living Benefits–Guaranteeing Lifetime Income Without an AnnuityA product that can fill a need when clients are wary of annuities.
February 10, 2012
Top 7 Richest Stadium Naming Deals by Financial Services FirmsStadiums and arenas used to be named to match the owners outsize egos or for some geographic locale or noble idea that resonated with fansComiskey Park, Candlestick Park, Boston Garden. Many are now named to match the owners growing thirst for cash.
February 10, 2012
China Imports and Exports FallSome see signs of possible weakness in the Chinese economy.