Economy & Markets
The important economic and stock market news that advisors need to know.
IMF Chides Eurozone Ministers for Inaction
By Marlene Y. SatterThe head of the International Monetary Fund (IMF) criticized the member nations of the eurozone on Tuesday for failing to take forthright action in response to the crisis of confidence over the past weeks.
December 07, 2010
MetLife Projects Income, Revenue GainsMetropolitan Life Insurance Co. anticipates gains in net income and revenue for the fourth quarter and fiscal year, the company has announced.
December 07, 2010
PIMCO’s Bill Gross: New Normal Has U.S. ‘Living Here in Allentown’PIMCO manager Bill Gross’ “new normal” has found a home — and it’s not the tony Newport Beach environs of the asset manager’s headquarters in California but rather the grim post-industrial Allentown immortalized in the Billy Joel song.
December 07, 2010
Most Promising U.S. Hiring Outlook Since 2008: ManpowerWhile the gains may be small, they’re still gains: U.S. employers, according to a Manpower survey, intend to do some modest hiring in the first quarter of 2011.
December 07, 2010
Bush Tax Cut Deal: Obama Extends Cuts, Unemployment BenefitsPresident Barack Obama said in a speech Monday night that he will go along with Republican demands for an extension of the Bush tax cuts.
December 07, 2010
Euro Zone Ministers Take No Crisis or Budget ActionAfter five hours of talks, euro zone ministers decided to take no new action regarding the debt crisis, despite indications to the contrary earlier Monday.
December 06, 2010
Emerging Markets See Victory in FIFA’s Russia, Qatar World Cup PlayWith FIFA announcing the locations of the World Cup in 2018 and 2022, investors who have been thinking about putting their money on Russia and Qatar may want to place their bets now.
December 06, 2010
Eurozone Debt Crisis: EU Meets, Germany Resists Aid ExpansionEuro zone leaders gathered Monday in Brussels to discuss a new report from the International Monetary Fund (IMF) and to call for additional measures to restore calm in the financial markets, as Germany resisted expansion of aid efforts.