Boomers, already strapped for cash, stand to lose even more money by caring for their parents, according to Fidelity Investments in Boston.
Two top stock-pickers are steering clear of financial service company stocks.
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.
Sales of existing homes increased 2% in May to a seasonally adjusted rate of 4.99 million units, according to the National Association of Realtors in Chicago.
Nearly half of pre-retirees believe they can withdraw 10% annually from their retirement savings, according to MetLife’s Mature Market Institute survey.
The Senate Banking Committee today unanimously approved three nominees to be members of the Securities and Exchange Commission.
Fidelity expects the emerging markets of Brazil, Russia, India and China to generate long-term growth.
Barclays Capital said the possibility of increased inflation has replaced credit risk as the top issue facing the global financial markets.
Sales of new single-family homes fell 2.5% last month to an adjusted annual rate of 512,000, according to the Department of Commerce.
A.M. Best Co. today downgraded Security Benefit Life Insurance Co.’s financial strength rating to A- from A.
