Economy & Markets
The important economic and stock market news that advisors need to know.
Schwab, TD Ameritrade Daily Trades Drop Over 22% in May
By Janet LevauxDiscount brokers see decline in client activity as major stock markets post similar results.
June 14, 2011
Vanguard Launches Emerging Markets Select Stock FundVanguard, the largest mutual fund company in the U.S., has launched an actively managed emerging markets stock fund as investors seek more global returns.
June 14, 2011
Tale of Shale: States' Growth Story in Moribund EconomyShale oil brings jobs, independence and stock returns in otherwise moribund economy.
June 14, 2011
Advisors to Congress: Don't Axe Retirement Plan Tax Benefits to Cut Deficit--UpdateAmerican Benefits Council warns against possible Congressional desire to remove favorable tax treatment of DB and DC plans.
June 14, 2011
U.S. Fund Investors Put $24 Billion Into Stocks, Bonds in May: Strategic InsightMutual fund investors added about $24 billion in net new cash to U.S. stock and bond funds in May, Strategic Insight reported Monday, a slight decline from April.
June 14, 2011
China’s Stern Words on European Debt Crisis; Fights Own WoesThrough its central bank's annual financial stability report, China warned the world again on Tuesday that the debt crisis in Europe was threatening to spread because it had not been properly dealt with.
June 14, 2011
S&P Cuts Greece’s Rating to World’s LowestGreece on Monday was dealt a harsh blow by rater Standard & Poor's, which saddled the country with a credit rating lower than that of Pakistan—in fact, the lowest national credit rating in the world.
June 13, 2011
Best & Worst States for Economic GrowthNorth Dakota tops list of 2010 GDP gainers, while Wyoming is at bottom of Commerce Department survey, with several surprises in between.