Economy & Markets
The important economic and stock market news that advisors need to know.
China Says Exchange Rate 'Reasonable'
By Marlene Y. SatterThe exchange rate for the yuan, according to Chinas commerce minister, is within a "basically reasonable level," and therefore is not responsible for the current trade imbalance with the U.S., according to Chen Deming, China's minister of commerce.
November 06, 2011
Is the Run in U.S. Treasuries Over?Today, the future movement of U.S. Treasuries is already being shaped, and again, the crowd and its conventional wisdom will be proven wrong.
November 04, 2011
Report Shows Gain in Jobs, but Growth Still Sluggish (New York Times)In October, the U.S. added 80,000 jobs, a number which, if not impressive, was certainly better than the summer outlook, when the average monthly job add was just 20,000.
November 04, 2011
Time to Embrace China and ‘Unthinkable,’ Says Ramo at Schwab ImpactThe U.S. government and its citizens have a responsibility to forge new, creative ties to the expanding nation, Kissinger Associates analyst Joshua Cooper Ramo said.
November 04, 2011
Genworth Posts Higher LTCI SalesLong-term care insurance operating profits fellbut the product was still profitable.
November 04, 2011
Senior Facilities Companies Sail Through Choppy SeasChanges in Medicare reimbursement policies may be rocking the boats but arent yet sinking them. The beds are busy.
November 04, 2011
Senior Facilities Companies Sail Through Choppy SeasChanges in Medicare reimbursement policies may be rocking the boats but arent yet sinking them. The beds are busy.
November 04, 2011
Italy Agrees to IMF, EU MonitoringIn an agreement reached alongside a G20 meeting in Cannes, France, Italy has agreed to accept monitoring from both the European Union and the International Monetary Fund on its progress with financial goals and reforms.