Economy & Markets
The important economic and stock market news that advisors need to know.
Greek Debt Talks Resume Amid Bickering
By Marlene Y. SatterTalks to resolve the Greek debt crisis were to continue on Thursday, amid ongoing disagreements among private creditors, the European Central Bank and other parties about which degree of losses might be considered acceptable and who might have to be included in those losses.
January 25, 2012
RIAs’ M&A Activity Fell in 2011, but They Remain ‘Dominant Buyer’While the number of M&A deals and the average deal size are down, RIAs are the 'dominant buyer,' according to a report released by Schwab Advisor Services.
January 25, 2012
Obama and Buffett Rule Make ‘Good Tax Politics, Not Good Tax Policy,’ Expert SaysA central focus of President Barack Obamas State of the Union address was economic fairness, and requiring the wealthiest to pay more in taxes, but tax specialists and wealth managers say hiking taxes for the rich will do nothing to fix the tax code.
January 25, 2012
Japan Records First Trade Deficit in Over 30 YearsFor the first time since 1980, Japan has come up short on exports. A trade deficit revealed in data released Wednesday showed the toll the triple disaster of 2011 has taken on the country's economy.
January 25, 2012
Business of Sports: 6 Big Sponsorships by New York LifeNew York Life invests heavily in sponsoring the games we love to watch and sees benefits beyond just name recognition.
January 25, 2012
Greece Likely to Be Rated in Default: S&PWhatever debt swap arrangement Greece can work out with its creditors will likely still leave it with a default rating, according to John Chambers of Standard & Poors.
January 25, 2012
Fed to Keep Rates Low Through 2014The Federal Reserve went further than ever Wednesday to assure consumers and businesses that they'll be able to borrow cheaply well into the future.
January 25, 2012
Gallup Poll: U.S. Financial Worries Rival Those of 1992Americans' worries about maintaining their standard of living (51%), being able to pay medical bills (43%) or losing their job (34%) in the next 12 months are among the highest Gallup has measured in the past 20 years, on par with the levels seen in 1991 and 1992, Gallup says.