Economy & Markets
The important economic and stock market news that advisors need to know.
Russell 3000 Index Hits Highest Level Since 2008
By Danielle AndrusThe Russell 3000 Index closed at a new 52-week high Monday of 743.49, the company announced Tuesday.
December 21, 2010
Portugal, Spanish Banks May Take Ratings Hit; Spain Sells BondsPortugal became the latest in the parade of euro zone nations to be warned by Moody’s that it might be in for a ratings cut. Putting Portugal on review, Moody’s said Tuesday that because of low growth prospects and the high cost to Lisbon for its borrowing, it may drop...
December 20, 2010
Distributor Improves EarningsThe Marketing Alliance Inc. says efforts to increase efficiency buoyed profits in the latest quarter.
December 20, 2010
Disability: Workers Still in a FogMost U.S. workers seem to understand that anyone can become disabled, but few seem to know just how common that disability really is.
December 20, 2010
Irish Banking Law in New Budget Up for ScrutinyAs part of last week’s approval of the new austerity budget for Ireland, its Parliament also gave its finance minister broad new powers over the banking sector.
December 20, 2010
SEC Budget, Estate Tax Adjustments: Advisor Briefing for the Week of Dec. 20, 2010The Federal budget, retail and housing sales, Greek budget, and a new series looking at the markets and economy in 2011 highlight the week's news for advisors and their clients.
December 19, 2010
Gold Vending Machines Come to U.S.In Boca Raton, Fla., you can buy gold bullion from a vending machine as a gift for that hard-to-buy-for person on your list.