Economy & Markets
The important economic and stock market news that advisors need to know.
Jobless Claims Rise Again; Productivity, Same-Store Sales Up
By Marlene Y. SatterFirst-time unemployment claims rose again for the week, by 20,000, as productivity increased 1.9% and retail sales were strong across the board.
November 04, 2010
Municipal Bond Market Crisis Battering States, TownsThe wobbly state of the municipal bond market is the topic of a new study by Aite Group.
November 03, 2010
How to Get Fixed-Income Clients out of Their Holding PatternMany producers struggle to provide their fixed-income clients with attractive options to boost their returns. The challenge is, how can you pursue higher returns without exposing the client to significantly higher risk?
November 03, 2010
Sun Life Posts Improved Earnings in Q3Sun Life Financial reported Wednesday third quarter income of $448.5 million, up from a loss of $138.6 million in the third quarter of 2009.
November 03, 2010
Prudential Reports Q3 Growth in Retirement, Investment ManagementPrudential Financial Inc. announced Wednesday net income of $1.2 billion for its Financial Services Business in the third quarter or $2.46 per common share.
November 03, 2010
Fed Announces $600 Billion QE2; Holds Rates SteadyFed rolls out QE2, but J.P. Morgan's Kelly warns of a "possible QE3 or sharp reaction in the bond market"
November 03, 2010
Factory Orders Rise in SeptemberIn data released Wednesday by the Department of Commerce, factory orders for September rose 2.1%, more than expected, or $8.8 billion, for a total of $420 billion.
November 03, 2010
Nasdaq Adds to Green Economy IndexNasdaq OMX Group, Inc., which in September launched its family of green economy indices, announced Thursday that it would begin disseminating a total of 20 new Nasdaq OMX Green Economy Indices on Nov. 10.