Economy & Markets
The important economic and stock market news that advisors need to know.
Gold Vending Machines Come to U.S.
By Marlene Y. SatterIn 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.
December 17, 2010
Now That Omnibus Spending Bill Shelved, What Happens Next?“Since the Senate biggy was defeated [omnibus spending bill], I don’t think it will do a whole lot [on budget resolution] before recess,” says former Congressman Bill Frenzel (R-Minn.), now a guest scholar of economic studies at the Brookings Institution.
December 17, 2010
Moody’s Slashes Ireland’s Rating 5 Notches as EU Leaders MeetIn the wake of the approval of the EU-IMF rescue package for Ireland on Thursday, Moody’s on Friday slashed Ireland’s credit rating—not by an expected position or two but by five levels, from Aa2 to Baa1.
December 16, 2010
Geithner: TARP Will Cost Much Less Than ExpectedGeithner was on Capitol Hill on Thursday to outline the benefits of the government's bailout of the financial system, known as TARP.
December 16, 2010
Ashmore Plans 5 Emerging-Market Debt FundsThe new funds will focus on sovereign debt, local currencies and corporate debt in emerging-market economies
December 16, 2010
SIFMA Forecasts Municipal Bond Issuance to ClimbSurvey projects total $502 billion in new munis for 2011, up 16%.
December 16, 2010
Spanish Bond Yield Creeps Higher; Greece May Face DowngradeIn a Thursday bond auction, yields rose for Spain, Portugal and Italy as investors took on 2.4 billion euros in 10-year and 15-year bonds.
December 16, 2010
Jobless Claims Lower; Philly Fed Saw Manufacturing Up in NovemberU.S. job creation inched forward last week, as unemployment claims were reported to be lower, while positive economic news out of Philadelphia showed more manufacturing demand.