Economy & Markets
The important economic and stock market news that advisors need to know.
GDP Falters in Q1, Slowing to 1.8% Growth Rate
By Jeannine AversaThe economy slowed sharply in the first three months of the year. High gas prices cut into consumer spending, bad weather delayed construction projects and the federal government slashed defense spending by the most in six years.
April 27, 2011
Rate Shocks Could Hurt Peripheral Euro Zone States: Dutch Central BankThe Dutch central bank's concerns were voiced as the European Central Bank (ECB) said that it might further increase interest rates if inflation increases as the year goes on.
April 27, 2011
Japan's Outlook Cut on Earthquake CostsStandard & Poor's cut Japan's sovereign rating outlook on Wednesday from stable to negative, warning that a credit-rating cut will follow if the country cannot raise additional revenues.
April 27, 2011
2011 IA 25; Fight Over Pay-to-Play; Rebuilding Japan: May Investment Advisor—SlideshowCheck out the slideshow to see highlights of May's Investment Advisor magazine, with a cover story on IA's choices for the most influential people in and around the profession—now and in the near future.
April 26, 2011
2011 Q1 Earnings: UBS Wealth Unit Swings Back to Profit of $126 MillionUBS Wealth Management Americas reported a Q1 2011 pre-tax profit of 111 million Swiss francs, about $126 million, up from a loss in the prior quarter.
April 26, 2011
2011 Q1 Earnings: LPL Profits Jump 91.7%; Founder, President to Sell Big StakesLPL Financial saw profits of $49.0 million, 91.7% higher than a year ago, and the company’s founder and president are selling big stock stakes.
April 26, 2011
Higher Oil, Lower Dollar Go TogetherNews that President Obama has created a group to determine why energy prices keep rising seems like overkill.
April 26, 2011
Euro Zone Deficit Down in 2010, but Portugal, Greece UpAs the euro zone works to regain investor confidence in its finances, 2010 figures released Tuesday revealed that while overall, the region's deficit had dropped, those of Portugal and Greece had not.