Economy & Markets
The important economic and stock market news that advisors need to know.
From Wall Street to Fleet Street: Protests Set for London
By Marlene Y. SatterThe Occupy Wall Street movement, whose growing presence in Lower Manhattan has steadily attracted more notice, is spreading to Fleet Street, where protestors plan a Saturday march to the London Stock Exchange.
October 12, 2011
PPACA: Income Formula Change Might Save BillionsA Republican from Tennessee has an idea for trimming health tax credit costs.
October 12, 2011
SEC Advances Volcker RuleA day after being approved by the FDIC, the SEC approved the proposed rule implementing the Volcker rule, mandated under Section 619 of Dodd-Frank.
October 12, 2011
Lord Abbett’s Ezrati: Economy Not as Grim as It AppearsThe market strategist said that while there is very little good news to talk about in a historical sense, the problems faced by the world economy were priced-in already and those problems were unlikely to escalate.
October 12, 2011
Unemployment in Britain Hits Highest Point in 15 YearsDespite a determined pursuit of austerity measures to bring down its deficit, the U.K. is experiencing its highest unemployment level in 15 years coupled with a recovery that the National Economic and Social Research Institute called the weakest of any since the end of the First World War.
October 12, 2011
Despite Slovakia Vote, Euro and Stocks RiseDespite Slovakias vote Tuesday night against ratification of the expansion of the Greek bailout fund, markets and the euro on Wednesday, after a period of early losses, made substantial gains in anticipation of a second vote by the Slovak parliament that was expected to approve the measure.
October 11, 2011
Markets Beware: Slovak Parliament Turns Down Eurozone Bailout PlanGovernment falls as Slovakia legislators fail to approve Greek bailout plan; second vote possible.
October 11, 2011
Morgan Stanley Shifts to Bearish AllocationMorgan Stanley is embracing more cash, bonds and managed futures and moving away from equities, commodities and REITs.