U.S. inflation at the wholesale level shot up at double the expected rate in August as gasoline prices soared by the largest amount in a decade.
Retail sales jumped in August, spurred by widespread gains beyond the increases of auto and gasoline sales that economists expected.
If it happened to Federer, it could happen to you
Investment managers are close to making up the ground they lost in the second half of 2008 when investors pulled $251 billion out of mutual funds, according to data released today by Morningstar Inc.
A former Morgan Stanley broker was barred today by the Financial Industry Regulatory Authority Inc. for allegedly misappropriating $11,156.47 from the charitable foundation of a 97-year-old nursing home resident who was his client for more than 20 years.
Advisers are wary of President Obama's financial-regulation plans despite his warning today against a return “to the days of reckless behavior and unchecked excess.”
Managing client expectations about investment performance remains independent advisers' biggest challenge, but they are regaining confidence in the economy and directing more investments to equities and away from cash and bonds, according to The Charles Schwab Corp.'s semiannual Independent Advisor Outlook Study.
The stock market downturn has led to a significant reshuffling of the Russell 2000 Index, loading the benchmark with the smallest companies it has seen since 1993.
James Kroeker, the chief economist at the Securities and Exchange Commission, said the financial crisis "has highlighted for us the importance of global solutions, even on an accounting front, to complex issues."
Seven out of 10 Americans lack confidence that the federal government has taken safeguards to prevent another financial industry meltdown, according to a new Associated Press-GfK poll.
