Consumer spending increased in May as the stimulus-package rebate checks increased purchasing power and inflation forced them to pay more.
Asia will continue to be an attractive place to invest despite market losses of up to 40% this year, portfolio managers said at athe Morningstar Inc. conference.
A bill to increase penalties for people who commit securities violations against seniors was introduced in the Senate today.
Fred Alger Management Inc. of New York is consolidating all of the open-end mutual funds under the Alger brand.
LMP Corporate Loan Fund Inc., a closed-end fund from Legg Mason Inc., today announced plans to “restructure” the fund’s leverage and add liquidity.
The domestic financial crisis is not yet over, and its full impact has yet to be felt, legendary investor Jean-Marie Eveillard said.
Oil prices shot up again today on comments by the president of OPEC that they could rise to $170 a barrel and fears of a production slowdown by Libya.
Boomers, already strapped for cash, stand to lose even more money by caring for their parents, according to Fidelity Investments in Boston.
A Massachusetts securities regulator today sued two units of UBS AG, charging the employees with fraud and dishonest conduct in sales of auction rate securities.
