Economy & Markets
The important economic and stock market news that advisors need to know.
Barclays to Open Gold Vault in London
By Marlene Y. SatterBarclays Capital has heeded the siren call of goldat least to its customers. It announced Friday that it was planning, together with The Brinks Co., to build a new precious metals vault to hold the physical assets its customers have purchased in the quest for safe investment havens this year.
September 14, 2011
Rep. Barney Frank: President Should Appoint Fed LeadersThe top Democrat on the House Financial Services Committee is pushing to limit the voting rights of regional Fed presidents on central bank interest rate decisions.
September 14, 2011
Senate Finance's Baucus: Let Tax Cuts for Wealthy ExpireAt a hearing held by the Senate Finance Committee on Wednesday to discuss the committees ongoing efforts to reform the tax code, Sen. Max Baucus, D-Mont., chairman of the committee, said the lower tax rates for the nations wealthiest workers must expire, rather than making major cuts to Social Security...
September 14, 2011
Stagnation Nation: Census AnalysisThe gap in what people earn today compared to what they once earned goes far to explain the current pervasive sense of economic malaise, U.S. Census data show.
September 14, 2011
Schwab Survey: Advisors Less Bullish on Economy, MarketsA summer survey of Schwab-affiliated RIAs found expectations of double dip increased following debt ceiling drama.
September 14, 2011
August Market Volatility: ‘Ordinary,’ Says VanguardThe S&P tends to move less than 1% per day, though it moved 2.5% per day for most of last month.
September 14, 2011
Meredith Whitney Bullish on AgricultureHer prediction of a massacre in the muni space has yet to come to fruition, but that hasnt stopped Meredith Whitney from making predictions, albeit somewhat less bold.
September 14, 2011
Moody's Downgrades 2 French BanksMoody's Investors Service cut the ratings of two French banks on Wednesday, citing their holdings of Greek sovereign debt as the reason. Crdit Agricole and Socit Gnrale were both downgraded a single notch.