Economy & Markets
The important economic and stock market news that advisors need to know.
ECB Steps In After Italy Bond Sale
By Marlene Y. SatterItaly sold bonds on Thursday, but not as many as hoped in thin trading. While yields fell, they were still not far from euro-lifetime highs as investors displayed concern over the country's ability to sustain itself. After the auction, the European Central Bank stepped in to purchase Italy's bonds on...
December 28, 2011
Pozen Slams Gingrich on Social Security, Income TaxesAdvisorOne contributor Robert Pozen took to the pages of the Washington Post on Monday to critique Newt Gingrichs plan for both Social Security and income taxes. Not surprisingly, the long-time Democrat, isnt impressed.
December 28, 2011
Diamond Demand On Rise in AsiaAll that glitters is not gold. Sometimes its diamondsand thats whats putting the sparkle in the eyes of buyers in Asia.
December 28, 2011
Iran Threatens Oil Blockade Over SanctionsIran threatened to cut off oil exports through the Strait of Hormuz if the U.S. follows through on its threat to impose economic sanctions. Oil markets dismissed the rhetoric.
December 28, 2011
People's Bank of China May Skip Weekly 3-Month Bill SaleWord came Wednesday that the Peoples Bank of China may cancel a scheduled weekly Thursday sale of three-month bills.
December 27, 2011
S&P Moves Least in 41 YearsThe S&P 500 has gained 0.6% for the year as 2011 winds down. A 3.7% increase last week helped that rate of change, the smallest for the index since 1970thanks to stock swings that reached twice the five-decade average.
December 27, 2011
Sears Plans to Close More Than 100 StoresSears Holdings announced that it close 100 to 120 Kmart and Sear stores because of declining sales.
December 27, 2011
Fears Fuel Rise in Oil PricesOil prices rose Tuesday, fueled by worries over supply disruptions and a series of naval exercises in the Strait of Hormuz by Iran.