Economy & Markets
The important economic and stock market news that advisors need to know.
France Sees Treaty, Budget Acceptance by EU
By Marlene Y. SatterThe EU summit being held Thursday and Friday said that it was expected that EU rulers would accept sanctions against nations violating debit and deficit rules, but the sticking point was over a proposal put forth by Germany and France that would keep fiscal violators from voting.
October 27, 2010
Argentina’s Former President, Nestor Kirchner, Dies UnexpectedlyN?stor Kirchner, former president of Argentina who brought the country out of its 2001 economic collapse, died of a heart attack on Wednesday at the age of 60.
October 27, 2010
Cameron to Push for EU Budget Freeze at MeetingThe EU is planning on instituting a 6% budget increase at the European summit meeting on Thursday in Brussels, but Britain is not happy about it and its prime minister plans to put a stop to it.
October 27, 2010
Calamos Posts Higher Revenues on Increased AUMCalamos Asset Management Inc. reported better-than-expected third quarter results late Tuesday with revenues topping $78 million, a 6% increase over the third quarter of 2009.
October 27, 2010
New Home Sales Rose 6.6% in September; Durable Goods Sales UpEconomic data released Wednesday showed that in September new home sales were higher and durable goods orders also rose, but not in a way that signals long-term growth.
October 27, 2010
Schwab Impact: CRM Partners Announced for Tech Platform; Paulson Reflects on CrisisAt the opening session of Schwab Impact 2010 in Boston, Jim McCool, the executive VP who oversees Schwab Institutional Services, and Bernie Clark, who heads Schwab's Advisor Services custodial platform for advisors, announced the first partners for Schwab Advisor Services.
October 27, 2010
At Schwab Impact, Skepticism Voiced Over 'New Normal'During the pre-conference opening session at Schwab Impact 2010 in Boston on Tuesday evening, advisors in the audience responded warmly to skepticism that the markets and economy is marked by a "new normal" as espoused by PIMCO's Bill Gross and Mohammed El-Erian.
October 26, 2010
At Schwab Impact, Optimism Reigns on the Markets and EconomyKicking off Schwab Advisor Services' Impact 2010 conference in Boston, a panel consisting of Liz Ann Sonders, Schwab's chief investment strategist, and Ariel Investments' president said they were optimistic about the economy and the markets for the rest of 2010 and into 2011.