Economy & Markets
The important economic and stock market news that advisors need to know.
SEC Slapped Down in Two Cases Against Banks
By Gil WeinreichU.S. District Court Judge Jed Rakoff administered a mighty tongue-lashing to the SEC in a proposed settlement with Citigroup the same day his colleague on the bench Miriam Goldman Cedarbaum dismissed fraud charges against a JP Morgan executive.
October 28, 2011
EU Hopes to Tap China for Rescue FundsAs European leaders explore an IMF channel for money to boost the rescue fund worked out in the debt crisis agreement, China was not so eager to commit to contributing despite being asked.
October 28, 2011
EU Insurers Could Shift Losses to Life PolicyholdersEuropean Union insurers could be planning to shift losses they are being compelled to accept from euro zone sovereign debt to customers who hold policies.
October 27, 2011
Axel Merk: Is Occupy Wall Street a Threat to the Dollar?Will the Occupy Wall Street protests have a detrimental effect on the dollar? No doubt some protesters hope so, and currency manager Axel Merk says the notion isnt farfetched.
October 27, 2011
Jubilation Over Euro Debt Deal Likely to Give Way to Next Act in Greek Tragedy: News AnalysisThe outlines of the deal reached in the wee hours of Thursday morning seem clear enough, though like many a Greek tragedy the gap between appearance and reality may greatly diverge.
October 27, 2011
Interest in Corporate M&A High, but Financing Still an ObstacleA look at the current market for corporate M&A from The Deal: there's $1 trillion in 'dry powder' available.
October 27, 2011
CBO Report: Wealthiest Americans’ Income Growth Outpaces Middle ClassThe CBO reports that the richest 1% of Americans have been getting far richer over the last three decades while the middle class and poor have seen their after-tax household income crawl up in comparison.
October 27, 2011
Burton Malkiel Is Bullish on China, Says U.S. Double-Dip UnlikelyRandom Walk author and index investing champion is not negative on U.S. but says over long run, too much debt is associated with poor economic growth."