Economy & Markets
The important economic and stock market news that advisors need to know.
Economic Growth Slowed to 2.4% in Q2, but Michigan/Reuters Index Rose in July
By Ron PechtimaldjianThe economy grew at a 2.4% pace in the second quarter, the Commerce Department reported Friday, July 30, a little less than economists had predicted and slower than the upwardly revised 3.7% rate for the GDP in the first quarter.
July 27, 2010
In Client Letter, Evensky on the Markets and Portfolio Building NowNoted advisor recalls the recent past and looks ahead; CIO to hold conference call July 27.
July 26, 2010
Net worth on the rise for seniorsNet worth has increased almost 80 percent for older Americans over the past 20 years.
July 23, 2010
Wells Fargo Shares 2010 Outlook: 'Little Upside'The Wells Fargo Advisors' Advisory Services Group, led by chief macro strategist Gary Thayer, has just released its 2010 Midyear and Economic Outlook,…
July 23, 2010
Fund Portfolio Solutions from a Top AdvisorEach month we ask an advisor about the mutual funds he or she would consider for a simplified client scenario. Here's this month's scenario: ...
July 22, 2010
Conference Board Leading Economic Index for June Signals Recovery Is Slowing as FearedThe Conference Board's leading economic index for the U.S. fell 0.2% in June to 109.8, following a 0.5% increase in May and a 0.1% decline in April, the board said Thursday, July 22.
July 22, 2010
President Obama Signs Jobless Benefits Extension BillPresident Obama signed a bill (H.R. 4213) extending aid to 2.5 million unemployed Americans on Thursday night, July 22, in the Oval Office following House of Representatives approval Thursday afternoon.Office
July 21, 2010
Piper Jaffray Q2 Results Show Earnings Disappointment on Fixed Income WeaknessPiper Jaffray announced net income of $7.4 million, or $0.36 per diluted common share, for the second quarter ended June 30, 2010, compared to net income of $11.6 million, or $0.59 per diluted common share.