Economy & Markets
The important economic and stock market news that advisors need to know.
Bernanke on Occupy Wall Street Protesters: ‘Can’t Blame Them’
By Marlene Y. SatterThe Occupy Wall Street movement has some found legs, and Ben Bernanke, the Fed chief, seems to be at least a bit on the side of the protesters, as labor unions have now joined the demonstrations in New York.
October 05, 2011
In Breakup, Dexia May Cost All BanksLess than three months after Dexia SA, the French-Belgian bank, passed its European Union stress tests, it may be on the blockthe chopping block.
October 05, 2011
Eurozone PMI Shrinks as Optimism FadesPrivate business activity in the euro one fell for the first time in two years in September with a drop in new orders, stoking fears that the region could be heading back into recession.
October 05, 2011
Moody’s Slices Italy's Credit RatingItaly got hammered Tuesday by Moodys, which lowered the countrys credit rating from Aa2 to A2, with a negative outlook, citing weak growth as the reason.
October 05, 2011
Like Rome, Is U.S. Doomed to Decline?Historian and farmer Victor Davis Hanson told the gathering at the Retirement Income Industry Association annual meeting in Boston that the long-term future of the U.S. is as hopeful as its present is dismal.
October 05, 2011
S&P 500 Q3 Earnings Outlook: Optimism in ‘Unprecedented High-Risk Environment’Equity analysts for Standard & Poors see a vast gap between their expectations for record double-digit Q3 earnings versus investors loss of faith in analysts' optimistic earnings forecasts.
October 05, 2011
Rep. DeFazio Aims to Tax TradingRep. Peter DeFazio, D-Ore., is doing it againpartnering with Sen. Tom Harkin, D-Iowa, to present a bill to tax trades of stocks, bonds and derivatives. The two previously tried in 2009 to propose such a measure, but it failed.
October 05, 2011
IMF Considers Bond Buyback for EuropeThe International Monetary Fund is considering bold action to aid the eurozone, floating the possibility of a bond-buying proposal on Wednesday.