Economy & Markets
The important economic and stock market news that advisors need to know.
Top 10 Worst Cities for Educated Job Seekers
By Marlene Y. SatterWhen jobs are scarce, it always helps not to have the deck stacked against you. Some places offer fewer opportunities, particularly for more educated members of the labor force. A look at the worst of them.
January 04, 2012
Italy’s UniCredit Falls on 43% Discount OfferItalys largest bank, UniCredit, saw its stock fall the most in two months in Milan after it announced that it would sell 7.5 billion euros ($9.8 billion) in shares at a 43% discount to Tuesdays closing price, excluding rights values.
January 04, 2012
Home Prices Fall in ChinaPrices of homes fell in China for a fourth straight month as the Chinese government repeated its determination to keep property restrictions in place.
January 04, 2012
Flight to Safety Benefited Government and Agency Closed-End FundsIn November, closed-end fund investors flocked to governments and agencies, narrowing the discount, RiverNorth reports
January 03, 2012
Fed to Go Public on Rate Actions in Historic Move Toward TransparencyIn a historic move that points to increasing transparency at the Federal Reserve, the FOMC announced Tuesday that beginning in January, it will start to publish a forecast of its own actions.
January 03, 2012
Fed to Regularly Forecast Interest-Rate ChangesIn a major shift, the Federal Reserve will start updating the public four times a year on how long it plans to keep short-term interest rates at record lows, according to minutes from its December policy meeting.
January 03, 2012
Economists Weigh In on Markets and ElectionPundits? Who needs them? If youre wondering who will be taking the oath of office for the presidency next January, economists say you can get a pretty good idea, not by following the politics so much as by following the markets.
January 03, 2012
Rivlin: Time Is Running Out to Repair EconomyThis presidential race is sure to draw sharp divisions on budgetary questions in 2012, but prominent policymakers are hoping a flickering of bipartisanship may keep alight the flame of cross-party cooperation long enough to stave off national financial ruin.