Wealthy pocket savings, research finds; stock market biggest factor in affluent's spending habits
DJIA could drop as low as 8,000, says famed forecaster; in a lather over head-and-shoulders pattern
Asset allocators cut their holdings of U.S. equities this month to levels not seen since 2008 amid concern that the world's largest economy may be weakening, a BofA Merrill Lynch Global Research survey showed.
In an apparent first for the retirement industry, John Hancock Retirement Plan Services is now offering 401(k) participants a choice between target date funds that plan for investments “to” retirement and “through” retirement.
Last weeks plunge in U.S. stocks triggered a technical indicator known as the Hindenburg Omen that may signal a more severe selloff, according to analysts who follow charts to predict market moves.
Investors face defaults on government bonds given the burden of aging populations and the difficulty of increasing tax revenue, according to a Morgan Stanley executive director.
Bill Gross, who runs the world's biggest bond fund at Pacific Investment Management Co., said the U.S. should consider “full nationalization” of the mortgage- finance system.
A London-based provider of exchange-traded funds is planning to launch 18 commodities-based ETFs and a precious-metals basket ETF.
U.S. stocks retreated, with the Standard & Poor's 500 Index poised for the lowest close in a month, as jobless claims increased to the highest level since November and an index of Philadelphia-area manufacturing fell.
