Economy & Markets
The important economic and stock market news that advisors need to know.
FBI Raids Three Hedge Fund Offices
By John SullivanThe FBI raided the offices of three hedge funds Monday, seeking documents related to a series of insider trading investigations directed by the office of Manhattan U.S. Attorney Preet Bharara.
November 22, 2010
E-Commerce Sales Continue Steady Growth in Q3Retail sales made over the Internet are on a steep upward trend, even though as yet such sales, for Q3 2010, only make up 4.2% of total retail sales in the U.S.
November 22, 2010
GDP and the Euro, Housing and Retail Sales—and Tryptophan: Advisor Briefing for the Week of Nov. 22, 2010In a Thanksgiving holiday-shortened week, some economic reports have been moved up on the schedule, but in addition to closely watching retail sales on Black Friday, the markets will digest reports on third-quarter GDP and a host of measures of housing's health.
November 21, 2010
Life Insurers Cancel Policies After DeathAn article in the Sunday Los Angeles Times is taking a look at the practice of rescission--canceling insurance coverage after a policy has been issued--as it's playing out in the cases of some beneficiaries who were denied benefits when the policy owners died.
November 21, 2010
Obama Meets With EU Leaders on TradeAfter two days of meetings in Lisbon that began with NATO and included the EU, President Barack Obama covered a lot of ground and termed the meetings "extremely productive."
November 21, 2010
Ireland Accepts Bailout From EUIreland formally accepted the need for a bailout, requesting help from the European Union and International Monetary Fund on Sunday.
November 19, 2010
Markets, LPL Trade Up Slightly for Day, WeekIPOs rise for a second day and other shares recover after falling 1.6% on Wednesday. LPL Financial moved up on its second day of trading by 1.46% to 32.60.
November 19, 2010
Bonds Still Spell Trouble for Ireland, GreeceIrish bonds fell Friday when Allied Irish Banks PLC announced that deposits had dropped 17% during the crisis. As the European Union (EU), International Monetary Fund...