Economy & Markets
The important economic and stock market news that advisors need to know.
Jobless Claims Lower; Philly Fed Saw Manufacturing Up in November
By Joyce HansonU.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.
December 15, 2010
Outlook 2011, Finance Sector: KBW Eyes Bank Takeovers, Acquisitions by Big 4 BanksThe U.S. finance sector in 2011 will stop stockpiling money and start spending it, and that will include non-bank acquisitions among Big 4 banks, KBW forecast.
December 15, 2010
Ireland Passes EU-IMF Bailout PackageIreland’s Finance Minister Brian Lenihan pushed the bailout package through Parliament on Wednesday by a margin of only six votes, having some harsh words of his own for the protesters.
December 15, 2010
Factory Output Grows Again; CPI Is TameU.S. factory output grew for the fifth straight month in November, adding to evidence that manufacturing remains an engine of economic growth. Small increases in food and energy costs pushed the CPI up 0.1%.
December 15, 2010
FOMC’s Commitment to QE2 Is a Must for Markets, Analysts SayAnalysts weighed in on the Fed's decision to move ahead with its $600 billion QE2 plan, saying the need for U.S. job creation overrides any other economic concern, including inflation fears.
December 15, 2010
Moody’s May Downgrade Credit Rating of SpainMoody’s warned Spain on Wednesday that it might be in for a ratings downgrade, bringing that nation unwelcome attention before the start of a summit meeting of European Union (EU) leaders on Thursday.
December 15, 2010
Financial history: learning from the pastResearch Senior Editor Ken Silber spoke about financial history lessons for financial advisors on the Gabe Wisdom Show, Business Talk Radio, on 12/13/10.
December 14, 2010
To Fix Ailing Economy, Increase Demand, Says SummersThe former president of Harvard and Treasury Secretary defended the current Administration’s economic policies.