Bernanke looks past end of QE and sees low rates for a long time

Today's Breakfast with Benjamin: Bernanke sees low rates for a long, long time; holiday retailers on the ropes; SAC Capital jury selection; investigating fishy employment data; coal becomes the next tobacco-style villain
NOV 14, 2013
Fed Chairman Ben Bernanke is reminding the markets that interest rates are likely to hover near zero long after the end of quantitative easing. Slowing the pace of asset purchases without causing a surge in interest rates The markets today also will be absorbing data on October retail sales, home sales and the minutes from the Fed's most recent policy meeting. Gauging the health of the world's largest economy Retailers are bracing for the new reality of offering shoppers deep discounts. Risking profit-margin declines Here are five retailers with enough cash on hand to weather a weak holiday shopping season. Healthy cash-flow ratios Jury selection has begun for a SAC Capital hedge fund manager's criminal trial. Michael Steinberg is the highest-level company employee to face criminal charges A House panel has opened an investigation into the fishy unemployment data released just prior to last year's presidential election. Was Jack Welch right all along? Breaking down the record $13 billion JPMorgan settlement. Following the money in one simple chart Activist investors are turning the coal industry into the next tobacco-like villain. $8 trillion worth of known coal reserves in the ground Harvard University students jumped on the bandwagon yesterday by protesting a Bank of America recruiting event. Buying into the anti-coal campaign

Latest News

RIA dealmaking accelerates as three firms hit AUM milestones
RIA dealmaking accelerates as three firms hit AUM milestones

Wealth Consulting Group, Coastline and Maridea report fresh capital, acquisitions and asset growth as advisor M&A keeps climbing

VastAdvisor closes $1 million SAFE round from advisor-side backers
VastAdvisor closes $1 million SAFE round from advisor-side backers

Carson Group's Dani Fava, Jason Pereira of Woodgate Financial, and Sally George of Convergency Partners led the raise as the growth-tech startup builds out its AI platform and leadership bench.

Wells Fargo adds three advisor practices as recruiting rebound continues
Wells Fargo adds three advisor practices as recruiting rebound continues

New teams from William Blair, Ameriprise and UBS bring more than $560 million in combined client assets to the firm's employee and independent channels.

UBS will pay advisors 'handsomely' for banking starting next year
UBS will pay advisors 'handsomely' for banking starting next year

Regulators this year approved UBS Bank USA’s conversion to a nationally chartered bank.

SEC accuses Tricolor executives of hiding $800 million collateral hole
SEC accuses Tricolor executives of hiding $800 million collateral hole

How a subprime lender’s car-loan bonds allegedly unraveled before bankruptcy.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income