Economy & Markets
The important economic and stock market news that advisors need to know.
More Downgrades Hit Spain, Italian Banks
By Marlene Y. SatterSpain was hit on Tuesday with its third downgrade in 13 months as Moodys Investors Service dropped the troubled countrys rating two notches and left the outlook negative. Italy did not escape the day unscathed, either, as Standard & Poors hit its banking system, downgrading 24 banks and the nation's...
October 19, 2011
Top 10 Best & Worst Baseball ContractsAs heated as rooting can get for baseball fans defending their teams, one of the things that gets a fan's blood boiling is thinking about the poor investments made by their team.
October 18, 2011
Q3 Earnings: Goldman Joins Other Big Banks in Struggle Through Bad Economic ClimateJoining other big banks that have reported Q3 2011 earnings in the last week, Goldman Sachs on Tuesday announced less-than-stellar results due to trading and investment bank weakness.
October 18, 2011
Grinch Looks Poised to Steal Christmas From Retailers, Mall OwnersThe years longest sustained sales season encompassing Thanksgiving and Christmas is just on the horizon, but early indicators suggest little holiday cheer for retailers.
October 18, 2011
Pozen Argues for $5T Plan to Cut U.S. Debt: Retirement Income SymposiumBob Pozen, the chairman emeritus of MFS Investments in Boston, has a long-term plan to cut the enormous U.S. debt, and it involves Social Security, the only big number that we know how to solve.
October 18, 2011
Threat of French Downgrade Endangers Eurozone Planoodys Investors Service said late Tuesday that Frances top-grade credit rating was under pressure from the eurozone crisis. The news could mean trouble for the plan being assembled by European leaders to avert a complete economic meltdown.
October 18, 2011
China Slowdown Worries MarketsAsian markets closed down Tuesday as China reported its slowest growth in two years for Q3. Concerns that the eurozone crisis was taking its toll on the global economy led to losses throughout the region.
October 17, 2011
UBS Survey: Investor Pessimism IncreasingEconomic growth and the different views of Californians are discussed during a wealth-management event featuring Bill Clinton.