Economy & Markets
The important economic and stock market news that advisors need to know.
Connecticut Insurance Commissioner to Resign
By Marlene Y. SatterThomas R. Sullivan, Connecticut insurance commissioner, announced Tuesday that he would resign, just days after an outcry from consumer groups and auto body groups demanding his removal.
November 07, 2010
Bank Failures in 2010 Are Most in a Year Since S&L CrisisOn Friday the FDIC closed four more banks, bringing 2010's total to 143--three more than in 2009 and the most since the savings and loan crisis some 20 years ago.
November 07, 2010
Republicans Continue Push for Tax Cuts, Fiscal Restraint but Few SpecificsGOP leaders defend keeping tax cuts for all.
November 07, 2010
QE2 Draws International Ire; Germany Calls It 'Clueless'In the wake of the Fed's announcement last Wednesday to put another round of quantitative easing into effect, reaction from around the world has grown louder--and it's not happy.
November 07, 2010
G20, Small Biz and Consumer Sentiment: Advisor Briefing for the Week of Nov. 8, 2010Following last week's double whammy of voting by the U.S. populace and quantitative easing by the Fed, this holiday-shortened week for some markets brings a breather.
November 05, 2010
Consumer Credit Rose 1% in September, Fell 1.5% in Q3, Fed SaysAmerican consumers borrowed money to buy cars in September, but they continued to tighten their belts and cut up their credit cards in the third quarter, the Fed reported Friday.
November 05, 2010
What Does the World Series, and Giants' Victory, Mean for the Markets?The San Francisco Giants' victory could go hand in hand with some interesting market returns.
November 05, 2010
What Do the World Series Mean for the Market?The San Francisco Giants' victory could go hand in hand with some interesting returns