Economy & Markets
The important economic and stock market news that advisors need to know.
Goldman Golden Boy Goes RIA; 2011 SMA Managers of the Year: April Investment Advisor—Slideshow
By Editorial StaffIn the April issue of Investment Advisor we focused on wealth management and the special issues wealth managers face
March 31, 2011
Irish Banks Are Reported to Need More Rescue CashThe Irish Independent said Thursday that Anglo Irish Bank confirmed it had losses of an additional 17.5 billion euros ($24.9 billion) in advance of the release of stress tests on the nation’s banks.
March 31, 2011
Buffett Heir Sokol’s Resignation: What’s Next for Berkshire Hathaway?Heir-apparent’s departure in wake of Lubrizol acquisition catches Buffett by surprise and causes drop in Berkshire shares.
March 30, 2011
House GOP, Democrats Spar Over Cost of Dodd-FrankRepublican and Democratic members of the House Financial Services Subcommittee on Oversight and Investigations sparred Wednesday over the costs of implementing the Dodd-Frank Act.
March 30, 2011
Pessimistic Millionaires Drive Down Confidence Index: SpectremThe Millionaire Investor Confidence Index dropped 9 points in March to a level of 8, falling back to neutral territory, Spectrem Group reported.
March 30, 2011
Advisor Confidence Slips Further, Echoing Consumer UncertaintyThe drop marks the second month in a row that Rydex|SGI Advisor Confidence Index fell on the day after consumer confidence report showed a decline.
March 30, 2011
Japan Crisis and Financial Market Implications: Rogerscasey ReportExpect continuing near-term uncertainty leading to increased volatility for both Japan and the globein the aftermath of the 9.0 earthquake, subsequent tsunami and nuclear crisis that that have wreaked havoc in that country, a paper released Tuesday by Rogerscasey says.
March 30, 2011
Greek Woes Grow With New Downgrade; Ireland Expected to FollowTuesday was a day of discouraging news for Greece, which, along with Portugal, was hit by a Standard & Poor’s downgrade.