Economy & Markets
The important economic and stock market news that advisors need to know.
Top 10 Holiday Trends Show Glimmer of Hope
By Marlene Y. SatterWith the dawn of Black Friday--which is now really on Thanksgiving--the holiday shopping rush officially began, and the National Retail Federation has found some interesting data.
November 24, 2010
Personal Income, Spending Rise; New Home Sales FallWith personal income and spending, though not on homes, both up and consumer confidence on the increase, the holiday season may be brighter than anticipated.
November 24, 2010
Ireland Unveils 4-Year Austerity Plan; Two Large Banks to Be Taken OverIreland unveiled its four-year austerity plan on Wednesday, which included the take over of two of the country's largest banks.
November 23, 2010
Corporate Profits Reach Highest Level EverThe Department of Commerce reported Tuesday that corporate profits reached $1.65 trillion in the third quarter, the highest on record.
November 23, 2010
At FOMC November Meeting, Inflation Seen as ‘Subdued’ and Housing Market Activity as ‘Exceptionally Weak’Minutes of the FOMC meeting indicate frustration at slow recovery but low probability of a double-dip recession.
November 23, 2010
Existing Home Sales Slide, as Q3 GDP Is Revised UpwardExisting home sales fell 2.2% in October after two months of gains, to a seasonally adjusted rate of 4.43 million. Even as home sales...
November 23, 2010
Irish Government Collapses Under Weight of DebtBrian Cowen, Ireland's prime minister, said that he will dissolve his government once the austerity budget necessary for an EU-IMF aid package is passed.
November 22, 2010
Success story: Helping your clients SWAN (sleep well at night)A few months ago, I had the opportunity to really experience the client satisfaction and gratitude and peace of mind that our experience and caring can provide to the people who ask for our help.