Economy & Markets
The important economic and stock market news that advisors need to know.
Minnesota Government Shuts Down
By John SullivanThe Minnesota government began shutting down on Friday after lawmakers failed on Thursday to to reach a budget agreement before a midnight deadline. It is the second time such a shutdown has occurred in six years.
July 01, 2011
China Stockpiled U.S. DebtThe U.S. Treasury changed the rules in 2009 concerning how it conducts its auctions, and the reason was the stockpiling of U.S. debt by China, according to a report that says that rule change substantially altered the configuration and bidding of the auctions.
July 01, 2011
Geithner May Step Down After Debt TalksGeithner is President Barack Obama’s longest-serving financial advisor; his departure would raise the question of who would succeed him at a time when a number of presidential choices for top financial positions have been blocked in Congress.
July 01, 2011
Do ETFs Pose a Systemic Risk? Searching for Alpha for July 2011Want to avoid that risk? Consider only using those ETFs whose underlying assets are more liquid than the ETFs themselves.
June 30, 2011
Kamath: Good Time to Buy U.S. Life StocksThe prices of high-quality U.S. life insurer stocks are so low that this is probably a great time to buy the stocks, despite lingering uncertainty about the economy, a securities analyst says.
June 30, 2011
J.D. Power: Self-Directed Investors Rate USAA Best; Overall Satisfaction LowerInvestors who do their own trading and investing say the fees and trading charges they must pay less acceptable than they did in 2010, according to a J.D. Power survey released Thursday. USAA ranked No. 1.
June 30, 2011
The Dow's Worst DaysThere were 70 trading days between Oct. 28, 1928 and April 20, 2011 on which the Dow lost more than 5.0% in a single day.
June 30, 2011
Obama Challenges Republicans to Raise Taxes to Cut DebtPresident Barack Obama on Wednesday called for tax hikes as part of the deal needed to negotiate a deal to raise the debt ceiling.