The 2007-2009 recession gouged the world's largest economy more deeply than previously estimated and the recovery lost momentum throughout 2010 before stalling this year, revised figures show, painting a bleaker picture that may raise concern over the outlook for U.S. growth.
The Standard & Poor's 500 Index may fall as much as 24 percent and the euro might tumble to $1.20 if the U.S. economy slows further and Europe's debt crisis widens, said Raoul Pal, the former GLG Partners Inc. fund manager currently writing the Global Macro Investor strategy sheet.
​A mind is a precious thing to waste, so why are millions of America's students wasting theirs by going to college?
Rule governing back-office personnel effective as of mid-October; reaction to Madoff?
A U.S. default triggered by the failure of politicians to agree to raising the country's debt ceiling would be an “act of collective insanity” with severe impact on asset prices and the global economy, according Citigroup Inc. economists.
U.S. exchange-traded funds took in $56.3 billion for the first half of this year, an increase of more than 50.9% from the first half of 2010.
Stricter regs could hurt carrier's core businesses; MetLife Bank accounts for mere 2% of earnings
Despite denials by Mutual Fund Store founder Adam Bold, sources claim the giant RIA is on the block. One says the firm is being valued at around $300 million.
Insurer MetLife moving into the business in a big way, while banks back out. Says one industry consultant: 'They must know something I don't know.'
Florida insurance commissioner worried carriers spending more energy on collecting premiums than paying out on policies
Insurance regulators questioned MetLife Inc. executives today at a hearing in Florida as they sought to understand the insurer's death benefit settlement practices.
The bleeding has started at Securities America Inc., as competitors are successfully recruiting reps from the beleaguered broker-dealer.
Moody's estimates loss of AAA rating would add $100B to Uncle Sam's carrying costs; impact on Treasuries 'significant'
The Land of Lincoln is holding onto its dead presidents as long as possible, stiffing vendors as small as local pizzerias and as large as IBM
An SEC rule proposal intended to thwart the likes of Bernard Madoff likely would result in significantly higher compliance costs for smaller broker-dealers.
Silver dropped, heading for the biggest three-day fall since October 2008, as increases in Comex margin requirements drove investors away. Gold declined after a report that Soros Fund Management LLC may have cut holdings.
In the financial advice-seeking population, about a quarter of households use multiple financial advisers. For those households with investible assets of between $2 million and $5 million, the proportion increases to 33%. And 58% of investors with more than $5 million in assets have multiple advisory relationships.
New software tool will help advisers scan for the best variable annuity option for a client.
