Foreign-policy guru says U.S. needs to invest in advanced manufacturing to create jobs; cheap overseas labor not going away
The Fed says it will begin swapping cheap short-term debt for cheap long-term debt, all in a bid to boost the flagging economy. Says one economist: 'It's a modest step.' But the Fed's admission of a potential long-term slowdown has caused <a href=http://www.investmentnews.com/article/20110922/FREE/110929977>a drop in stocks</a> around the world.<br> | <b>Extra</b> <a href=http://edit.investmentnews.com/apps/pbcs.dll/gallery?Site=CI&Date=20110805&Category=FREE&ArtNo=805009999&Ref=PH>The latest odds on another recession</a>
Fears of second economic downtown driven by fears, not fundamentals; 'bad things have not happened'
S&P's single-notch lowering of the U.S. sovereign debt rating was seen as a big blow to the Treasury market. Instead, worries about default on government debt has investors clamoring for -- yep -- government debt. The result? In an auction this week, taxpayers saved $647M.
Critics are not happy with S&P's historic lowering of the U.S. credit rating. They claim the decision is based more on politics than finances. And an alleged $2 trillion 'basic math error' in calculating the government's deficit has not exactly boosted confidence in the rating agency's decision.
GOP and Democratic lawmakers skewer plan to apply stricter standard to retirement plan advisers; 'absence of evidence'
A broker-dealer that was a prominent seller of high-risk private placements that wound up going bust has almost wiped the slate clean of costly litigation that could have impaired the firm's financial condition
A broker-dealer that was a prominent seller of high-risk private placements that wound up going bust has almost wiped the slate clean of costly litigation that could have impaired the firm's financial condition.
Envestnet Inc., a turnkey technology and wealth management provider that went public in July, is adding several unified-managed-household features to its platform this week.
Envestnet Asset Management Inc. has signed an agreement to provide a money management platform for Shareholders Service Group Inc., a San Diego-based custodial firm that serves 700 advisers.
Investors Capital Holdings Ltd. has a new set of owners: its employees, advisers, and their clients.
Lincoln Trust and Great-West claim the Labor Department's disclosure rules don't go far enough when it comes to fixed general account fees for insurers.
Kenneth Marsh, who pleaded guilty in April to charges he misled investors into paying fees for phony investment advice, should be sentenced leniently in part because he consistently helped clients turn profits, his lawyer said.
A financial adviser for 13 years, Don Bates Jr. seems determined to find a place for himself in Congress
Investors Capital Holdings Ltd., a publicly traded independent broker-dealer that put itself up for sale this month, could be an attractive acquisition for LPL Investment Holdings Inc. and several other large broker-dealers, according to analysts
Daily trading volume among 401(k) plan participants soared during the height of Congress' debt-ceiling debate, producing a massive transfer to fixed-income investments from equities, according to Aon Hewitt.
The 2007-2009 recession gouged the world's largest economy more deeply than previously estimated and the recovery lost momentum throughout 2010 before stalling this year, revised figures show, painting a bleaker picture that may raise concern over the outlook for U.S. growth.
Broker-dealers have been engaging in sales practices for structured securities products that hurt retail investors, according to a Securities and Exchange Commission report.
Report from Rep. Spencer Bachus outlines the law's impact and says the law has not lived up to the expectations set last year by Treasury Secretary Geithner and congressional Democrats.
