The bank, which once made one out of every three home loans in the U.S., plans to trim its mortgage business after years of struggles with regulatory probes.
JP Morgan believes rally could run through end of year while Morgan Stanley sees disappointing earnings pushing stocks lower.
The tactic has taken a beating this year as bonds were hit by the steepest slump in decades, compounding the stock market's losses instead of buffering against them.
Senate Finance Committee Ron Wyden has requested information about private placement life insurance, which can be used to shelter hedge funds and other products from taxes.
JPMorgan Asset Management’s David Kelly says rebound is 'eminently doable' as the economy cools further.
The Vanguard Total Bond Market ETF, with assets of roughly $83.8 billion, has surpassed the $83.2 billion iShares Core U.S. Aggregate Bond ETF.
Representatives Josh Gottheimer, Tom Suozzi and Mikie Sherrill, who have led efforts to include an increase to the $10,000 cap on deductions for state and local tax, will support bill.
A much better-funded Internal Revenue Service would be equipped with new auditors and technology to uncover tax avoidance.
Interest seen in infrastructure, food-related and clean-energy themes as investors look for long-term structural trends.
The global sell-off in bonds results in the second straight quarter in which the asset management company's clients pulled money from its funds.
