- U.S. job growth accelerated in June, pushing the unemployment rate to a six-year low of 6.1%.U.S. job growth surges, unemployment rate falls to 6.1 percent.
- U.S. Federal Reserve Chair Janet Yellen resisted pressure to raise interest rates in a speech Wednesday despite "pockets of increased risk-taking" in the financial system. Yellen says financial instability shouldn't prompt rate change.
- The European Central Bank is also leaving interest rates in tact, a month after a radical step that created a negative interest rate for deposits held there. E.C.B. holds interest rates steady
- A lot of people missed the returns of core bond holdings by choosing shorter duration funds, argues adviser and index-investing proponent Rick Ferri. The risk of short-term bond funds
- Fidelity Investments is closing off mutual fund investments to overseas brokerage clients after July 31. The Boston-based company cited only "an evolving global regulatory environment" but comes after U.S. government crackdowns on tax evasion. Fidelity closes mutual funds off to foreign brokerage clients.
- After a European court ruling which allows people the "right to be forgotten," a 2007 story about the ouster of former Merrill Lynch CEO E. Stanley O'Neal was removed from Google searches. Ex-Merrill Lynch CEO story excised from Google search.
- Americans are paying $1.4 billion every day this week for gasoline as they make trips to celebrate Independence Day. Declining gasoline prices still costing Americans $1.4 billion every day during this holiday week celebrating independence.
Investment Insights: The Blogblog
Jeff Benjamin breaks down the game for advisers and clients.
Job growth accelerates, pushing unemployment rate to a six-year low
Plus notes on interest rate decisions, investors missing returns on core bond funds, and much more.
Jul 3, 2014 @ 9:14 am
Recommended for you
Sponsored by Prudential
Latest news & opinion
The illiquid product's three-year decline is partially due to new regulations and poor performance.
Schwab reports new accounts up 50% from last year, assets up 33%.
The industry is on track to raise just $4.4 billion, well off the $19.6 billion it raised just four years ago, as new regulations hinder sales.
New research finds advisers whose firms have joined the agreement take better care of customers.
Introducing 20 female financial advisers and industry executives who are distinguished leaders, advancing the business of providing advice through their creativity and hard work.