Economy & Markets
The important economic and stock market news that advisors need to know.
President Obama Proposes Pay Freeze for Federal Workers
By John SullivanPresident Obama proposed a two-year pay freeze on federal workers and vowed to work to cut the ballooning budget deficit.
November 29, 2010
Cyber Monday Shoppers to Buy in Record Numbers; Black Friday ImpressesShoppers will hit online retail stores in record numbers this Cyber Monday after flooding the malls of America on Black Friday, according to the National Retail Federation.
November 28, 2010
BlackRock Issues Russia ETFThe benchmark index is a customized variation of the MSCI Russia Index
November 28, 2010
Debunking Myths about QE2There's much that QE2 is supposed to do for you. But will it?
November 28, 2010
Cyber Monday Trend GrowsCyber Monday is rivaling Black Friday for the volume of sales it stimulates online with 88.2% of retailers planning on offering special promotions.
November 28, 2010
Government Bond Yields of Greece, Ireland, Portugal, Spain Continue to RiseThe bond markets, worried that Ireland's political situation could upset bailout plans and fearing contagion to other euro zone countries, widened bond spreads and demand for U.S. 10-year Treasuries and the German bund rising on Friday.
November 28, 2010
EU Finance Ministers Approve Ireland BailoutEU officials unanimously approved a bailout plan for Ireland, and discussed building a permanent vehicle for future bailouts.
November 28, 2010
Holiday Retail Sales and Jobs, Housing and Spanish-Accented Euro Jitters: Advisor Briefing for the Week of Nov. 29, 2010This week brings more retail news, including Cyber Monday, along with key reports on housing and, at week's end, the jobs picture for November. In Europe, concern is being raised over Spain's debt woes.