Mortgage applications dipped 4.6% for the week ended May 23 due to a drop in refinancing activity.
A study found that about 60% of new fund sales through intermediaries last year didn’t have front-end sales loads.
New orders for durable goods fell by a lower-than-expected 0.5% last month, according the Department of Commerce.
International/global funds led the way with net inflows of $12.7 billion, followed by corporate funds with $7 billion.
A Bank of America analyst has slashed earnings estimates for Lehman Bros., Goldman Sachs and Morgan Stanley.
House prices continued to plunge in the first quarter, with new data revealing record declines across the country.
The Conference Board Consumer Confidence Index fell to a reading of 57.2, down from 62.8 in April.
Whether they like it or not, advisers have become well-versed in financial manias, panics and bubbles.
Creating what may be a new product category, Invesco PowerShares Capital Management LLC has launched three exchange traded funds that invest solely in other ETFs.
Russia's eight-plus-year economic expansion has spread into parts of the country's consumer and retail sectors, presenting a potentially new angle for participation among financial advisers and their clients.
