Economy & Markets
The important economic and stock market news that advisors need to know.
Brent Crude Oil on Rise, Tops $124 per Barrel
By Marlene Y. SatterThe price for Brent crude oil topped $124 per barrel on Thursday, with the potential for even higher prices thanks to steady U.S. demand.
April 20, 2011
Oil Prices Rise, Pulling Gas Prices Up With ItOil climbed above $111 per barrel Wednesday as the dollar weakened and the government reported an unexpected drop in U.S. crude supplies. Gas pump prices also edged higher to $3.84 for a gallon of regular.
April 20, 2011
New Finland Government Threatens Portugal BailoutIt appears that the surprisingly large gain of seats in the Finnish parliament by an anti-euro party will delay and possibly derail approval of Portugal's bailout package.
April 20, 2011
Gold Blasts Past $1,500 for First TimeGold topped $1,500 per ounce for the first time ever on Wednesday, hitting $1,505.21, rising 5% in April alone.
April 19, 2011
DoubleLine’s Gundlach: S&P Outlook Downgrade ‘Silly Thing to Do’In a quarterly performance call on Tuesday for the RiverNorth/DoubleLine Strategic Income Fund, fixed income manager Jeffery Gundlach scoffed at S&P’s outlook downgrade on Monday of U.S government debt.
April 19, 2011
Geithner: U.S. at No Risk of S&P DowngradeThe Treasury secretary said he was confident the country would retain its AAA rating, adding that Republicans and Democrats are on board to lower deficit.
April 19, 2011
Retirement Reporting: The Best It Will GetI forget how easy it is to get steeped in the echo chamber.
April 19, 2011
2011 Q1 Earnings: Goldman Profits Fall 21% as Bank Pays Warren Buffett BackGoldman Sachs reported Tuesday Q1 2011 profits of $2.74 billion, down 21% from a year ago, after buying back Warren Buffett’s preferred stock.