Economy & Markets
The important economic and stock market news that advisors need to know.
Online Retail Sales Reach Christmas Season Record
By Marlene Y. SatterConsumers pulled out all the stops online to spend $36.4 billion by Dec. 23, the day before Christmas Eve, according to SpendingPulse, a MasterCard Advisors report.
December 23, 2010
Meredith Whitney Sounds Alarm on Municipal-Bond DefaultsIs Meredith Whitney right this time about looming failures that could rock the markets?
December 23, 2010
Ireland to Nationalize Allied Irish BanksGovernment wins court approval for 93% stake.
December 23, 2010
Good, Bad News in Euro Zone for Portugal, Slovenia, PolandInternational Monetary Fund (IMF) gave initial approval to an increase in Poland’s flexible credit line.
December 23, 2010
Gold Rings, French Hens Lead to Pricey 12 Days of Christmas 2010Despite the tough economy, the price of the 12 Days of lore has gone up. A lot. In fact, it saw the second highest jump ever, according to PNC’s Christmas Price Index.
December 23, 2010
November U.S. Personal Income and Spending Rise; Savings DeclinesThe Department of Commerce said reported that both personal income and expenditures rose in November, while the savings rate fell.
December 23, 2010
Consumer Confidence Improves to Highest Level in Six MonthsReuters/University of Michigan surveys cites improved employment expectations as reason.
December 23, 2010
Outlook 2011, Global and U.S. Equities: T. Rowe Price Sees 'Scary' Macro, 'Encouraging' MicroIn the ‘battle of macro versus micro,’ there’s risk and opportunity, counsel the deep thinkers and PMs at T. Rowe Price.