Economy & Markets
The important economic and stock market news that advisors need to know.
HSA Balances Keep Rising
By Allison BellMore U.S. taxpayers reported using health savings accounts in 2008 than in 2007, and the average HSA deduction also increased.
December 30, 2010
Modest Demand Greets Italy Government Bond SaleIn thin end-of-year trading, Italy managed to sell $10.77 billion worth of 3- and 10-year bonds on Thursday, following a sale on Wednesday of zero-coupon bonds and six-month bills.
December 30, 2010
New Unemployment Claims Fell in Week Ending Dec. 25First-time unemployment claims for the week ending Dec. 25 fell 34,000 from the previous wee; the four-week moving average was 414,000, a decrease of 12,500. In 2009 at this time there were 556,517 Americans filing first-time unemployment claims.
December 29, 2010
Buy China or Sell U.S.? Shanghai, U.S. Stock Markets DivergeA wide and growing divergence in the two markets since November has market watchers wondering: Is the U.S. market about to crash? Or is Shanghai ready to rise again?
December 29, 2010
Top CEOs Ask Obama for ‘Repatriation Tax’ HolidayThe move would help them tap more than $1 trillion of offshore earnings.
December 29, 2010
U.S. Home Price Annual Growth ShrinkingAnnual growth in U.S. home prices slowed in October, Standard & Poor's S&P/Case-Shiller Home Prices Indices.
December 29, 2010
Case/Shiller Home Price Index Finds Prices Falling Faster in Biggest CitiesHome prices are dropping in the nation's largest cities and are expected to keep falling next year.
December 29, 2010
Millionaires' Confidence Returns, Spectrem FindsThe Spectrem Millionaire Investor Confidence Index is at its highest level since December 2007