Once again, it is about the plumbing.
During this period of extreme stock market volatility and credit market uncertainty, the case for a broadly diversified portfolio that avoids market valleys — and probably won't soar to market peaks, either — might be the recipe for a good night's sleep.
In an unprecedented move that some are comparing to gambling on the legal system, a $4.6 billion lawsuit is being packaged as the sole asset of a special-purpose company that is preparing an initial public stock offering.
The unemployment rate shot up to 6.5% last month, marking its highest level in 14 years, according to the Department of Labor.
Wholesale inventories held by distributors fell 0.1% in September as companies reacted to the economic slowdown.
New York Life Insurance Co. said it won’t participate in the Department of the Treasury’s capital-purchase program.
Barclays launched the iShares S&P Short Term National Municipal Bond Fund (SUB) and the iShares Barclays Agency Bond Fund (AGZ).
The U.S. economy is in a recession that “will likely last longer and run much deeper than either of the two previous economic crises.
The majority of financial advisers have little faith in President-elect Barack Obama’s ability to put the nation back on a sound economic footing.
