Long-term bond yields climbed sharply on today as improving sentiment on the economy sapped demand for government debt.
Frugal consumers trimmed spending in April — although by less than expected — as rising unemployment kept pocketbooks in check and motivated Americans to save.
Seven years after being spun off by Citigroup Inc., Travelers Cos. is supplanting its former parent as a member of the Dow Jones industrial average.
Two-thirds of investors believe that target date funds need to be combined with other funds to achieve a proper mix for their retirement portfolios, a white paper released yesterday by Janus Capital Group Inc. of Denver suggests.
The U.S. economy sank at a 5.7 percent pace in the first quarter as the brute force of the recession carried over into this year. However, many analysts believe activity isn't shrinking nearly as much now as the downturn flashes signs of letting up.
Long-term bond yields fell again on today as investors returned to the Treasury market for the second day running.
Giving by community foundations reached a record level last year, but is expected to decline in 2009, according to a report released yesterday by the Foundation Center, a New York-based non-profit service research organization focused on philanthropy.
The paperless office is more appealing to financial advisers than ever — at least if the amount of e-mail I receive on the subject is any indication.
The government says the tally of newly laid-off people seeking jobless benefits fell last week, a sign that companies are cutting fewer workers.
A record 12% of homeowners with a mortgage are behind on their payments or in foreclosure as the housing crisis spreads to borrowers with good credit. And the wave of foreclosures isn't expected to crest until the end of next year, the Mortgage Bankers Association said today.
