Economy & Markets
The important economic and stock market news that advisors need to know.
Executives Worldwide See Spending Cuts as Top Fix for Government Debt
By Marlene Y. SatterA survey by RBC Capital Markets said that top business executives worldwide, concerned about the level of debt in their nations’ economies, saw spending cuts, not tax increases, as the chief remedy for governments.
February 01, 2011
Crude Oil, Equities Heading for Divorce: Searching for Alpha for February 2011It seems like everyone is rooting for the economy these days—even OPEC. The Organization of Petroleum Exporting Countries announced last week that…
February 01, 2011
Irish Premier to Dissolve Parliament; Opposition Presses Bailout RenegotiationBrian Cowen, prime minister of Ireland, will dissolve Parliament on Tuesday and name the date for an election.
February 01, 2011
S&P Cuts Egypt’s Rating, Following Other AgenciesStandard & Poor’s cut Egypt’s rating on Tuesday by one notch, following similar actions by Moody’s and Fitch Ratings.
January 31, 2011
Betting on Super Bowl? Better Know Cities' Unemployment RatesYou've got everything ready for the Super Bowl except those friendly bets you make on your team. If you’d like to avoid losing big money in your wagers, you might want to consider the unemployment rate in your favorite team’s home city.
January 31, 2011
Consumer Spending, Income Rose in DecemberWASHINGTON (AP) — Americans spent at the fastest pace in three years in 2010, boosted by a strong finish in December. Consumer spending rose 0.7%…
January 31, 2011
Markets, ETFs Move Up as Oil Stocks, Prices RiseDue to both the political unrest in Egypt and strong corporate earnings, oil-related funds and stocks strengthened on Monday.
January 31, 2011
Q4 Growth Drives 2010 Equity Returns: IbbotsonTarget maturity funds enjoyed their "second great year in a row," according to the Ibbotson Target Maturity Report for the fourth quarter of 2010.