How to play the new volatility
There's a rollercoaster on Wall Street right now. And it's making retail investors and financial advisers downright queasy. But to one money manager, short-term stock market volatility represents pure opportunity.
Shareholders refuse to put nail in golden coffin
17 of Fortune 100 companies provide death benefits for heirs of top execs. Omnicom stockowners are just the latest to vote down a 'pay-for-no-pulse' proposal
Roubini: U.S. likely target for ‘bond vigilantes’
Dr. Doom says bond traders may start unloading government paper -- and, in turn, drive the price of borrowing up
When will the job picture improve? Stiglitz offers bleak prediction
With the dollar losing the 'negative beauty show' to the euro, the Nobel laureate doesn't see the job picture improving until the middle of the decade
Tale of the tape
Note to independent advisers: It's time to measure yourselves against a bigger stick.
Investment upset: College kids dunk on the pros
In 2008, the S&P 500 fell 37%. University endowments fared somewhat better, losing 18.7% of their value. Student-managed assets, on the other hand, shrank by a mere 16.2%, according to InvestmentNews research.
Wall Street soars on $1T rescue plan for Europe
Stocks are surging after European leaders agreed to a nearly $1 trillion rescue plan to avoid a major debt crisis and the U.S. Federal Reserve said it would also provide loans overseas.
Key Republican presses Goldman execs on fiduciary obligations
Fiduciary standard for B-Ds dead and buried? Not so fast. During the grilling of Goldman Sachs execs in Congress today, a key Republican senator raised the issue again
European shares, U.S. futures soar on EU rescue package
Following an emergency session, the European Union unveiled a $1T plan to backstop sovereign debt on the continent. The result? World stock prices are surging | UBS: 'All in' bet to boost Euro a temporary fix
Edward Jones axes longtime research boss Alan Skrainka
Alan Skrainka, a familiar face on CNBC, had worked at the firm for nearly 30 years. His time at Jones came to a screeching halt, however, after the brokerage fired him for using written material without proper attribution
Markets still spooked, volatility rules again
Thursday: A nearly 1,000 point drop, followed by a 600 point gain. Friday: Swings of nearly 340 points, to finish with another triple-digit loss. Where it heads next week is anyone's guess. But one thing's for sure: Volatility is back.
More breakaway brokers joining established RIAs, says Schwab
Of the 172 new adviser teams that joined Schwab in 2009, fully 42% went to existing RIAs. That's a big change from previous years
YieldPlus investors seeking nearly $900M in damages from Schwab
Online brokerage also facing a welter of arbitration claims over bond fund implosion
Schwab strikes out in bid to get YieldPlus suit tossed
The online brokerage was hoping to keep the YieldPlus lawsuit from going to trial. After a Federal judge's ruling on Thursday, it may be time for Plan B.
Did Goldman dump its dregs on clients? Internal emails offer clues
Newly released internal emails seem to show that the Wall Street titan looked to sell bonds the firm found too risky to hold
E-mails shed unflattering light on Goldman CDO sales
Goldman Sachs boss Lloyd Blankfein is testifying in Congress today. Yesterday, a Senate panel released Goldman e-mails that may not enhance the firm's reputation with some clients
Bear Stearns alum twice burned
In a dramatic comeback, the defunct firm's longtime CFO was about to be named CEO of Pali Capital. It wasn't meant to be
Alternatives to annuities? Plenty, say advisers
Insurance offerings aren't the only products that generate retirement income.
Fiduciary standard would hit brokers in wallet: Analysts
If Congress votes to hold brokers to a fiduciary standard, some securities firms could face 4% to 10% declines in profitability per broker, according to a research note issued today by Ticonderoga Securities LLC.
Buffett has ‘great confidence’ in $5B Goldman bet: Berkshire director
A Berkshire director says Warren Buffett is 'not concerned' about his massive investment in the Wall Street giant, despite the stock's recent losses | Adviser chatter: Time to buy or sell GS stock?
