Economy & Markets
The important economic and stock market news that advisors need to know.
CBO Projects U.S. Budget Deficit May Reach $1.5 Trillion
By Melanie WaddellThe CBO said in its budget and economic outlook report released on Wednesday that if current laws remain unchanged, the federal budget will show a deficit of close to $1.5 trillion, or 9.8% of GDP, in 2011.
January 25, 2011
2010 Q4 Earnings: BlackRock Beats EPS Estimates; Profits Soar 107%Investor willingness to put money into riskier securities pushed BlackRock past analysts’ expectations by nearly 18% with its Q4 2010 earnings report.
January 25, 2011
Market Reaction to Moscow Airport Bombing MutedThe suicide bomber who killed 35 people and injured about 150 more in an attack on Russia’s busiest airport on Monday had only a low-key effect on the markets and would not likely derail plans by foreign investors.
January 25, 2011
Best of AdvisorOne: Top 5 Dodd-Frank Implementation ArticlesThe most popular stories among AdvisorOne readers in January: SEC studies on an SRO and fiduciary, and the GAO report on planners
January 25, 2011
The President's Terrible Two-StepForgive the petulance, but judging from the prepared text, tonight you’ll find more honesty and intellectual heft in Paula Abdul’s “Dance…
January 25, 2011
British GDP in Q4 Takes Unexpected Drop of 0.5%Finance minister blames unusually bad weather, defends austerity plan.
January 24, 2011
China’s ICBC to Take Over U.S. Retail BankFirst Chinese bank to acquire a U.S. counterpart.
January 24, 2011
Euro Zone Chairman Pushes Debt Buy-BackJean-Claude Junker, chairman of euro zone finance ministers, has said in an interview in German magazine Der Spiegel that European leaders should consider a proposal to buy back the bonds of debt-ridden euro zone countries.