Puerto Rico's governor says the island's $72 billion debt load is too big to pay. OppenheimerFunds, the largest mutual-fund holder of the bonds, disagrees.
Stocks have been murdered, and China seems to have been caught red-handed. But some financial luminaries are pointing to a surprising defendant: the risk-parity strategy pioneered by hedge fund manager Ray Dalio. Who's guilty?
As stocks continue to slide, advisers scramble to head off sticker shock from clients over ugly August account statements.
<i>Breakfast with Benjamin</i> Pimco finds itself in choppy waters without Bill Gross at the helm.
<i>Breakfast with Benjamin</i>: The swelling gap between public and private valuations is making REITs a sweet target.
Bill Gross says if the Fed raises interest rates this month, policy makers are increasingly likely to wait at least six months before a second hike. Market measures indicate the wait may be twice that long.
The stock market roller-coaster ride showed some signs of relative calm Wednesday, but not all market watchers are ready to claim the worst is over.
BlackRock says commonwealth is facing a 'real solvency issue' as the risk of additional debt defaults increases.
<i>Breakfast with Benjamin</i>: CalSTRS, the country's second-largest pension fund, considers moving $20 billion out of traditional investments and into alternatives.
Funds that won money from Pimco lag Bill Gross' replacements this year, but advisers say it will take more than a few months of outperformance to win back their business.
With the stock market's correction no longer a matter of if, some market watchers and financial advisers have taken to preaching a sense of calm as investors hunker down for a heretofore rare bout of volatility, not a bear market.
<i>Breakfast with Benjamin</i>: Nontraditional bond funds that sounded too good to be true are looking like a bust, so far.
Financial advisers would be wise to bone up on the asset class because they'll be getting sales pitches.
Bond market liquidity is drying up — something every investor and financial adviser should take seriously. But liquidity risk can also provide an additional source of returns.
Regulator says Finra and MSRB should issue rules 'requiring the disclosure of mark-ups and mark-downs.'
<i>Breakfast with Benjamin</i>: All the messy stock market turmoil of the past few weeks has created a sweet opportunity in the closed-end funds space.
<i>Breakfast with Benjamin</i> DoubleLine's Jeffrey Gundlach thinks that as painful as it's been over the past week, the markets still need a thorough housecleaning.
Reducing downside risk as traditional strategies bite the dust amid market meltdown.
<i>Breakfast with Benjamin</i>: William Dudley, president of the New York Fed, says delaying a rate hike until 2016 'will be awkward.'
<i>Breakfast with Benjamin</i>: Now that the dust has started to settle, China's stock market meltdown doesn't seem all that awful.
