Today's job report revealed continued weakness in the U.S. economy and provides clear evidence that prior efforts to stimulate with deficit spending, absurdly low interest rates, and a series of government programs designed to support the housing and automobile markets have failed to create any meaningful forward momentum.
The "Black Swan" author believes that the economy is still fragile and bruised, and now says that "the perception of hyperinflation is going to penalize real estate," and adds "it's going to penalize the stock market." So get used to more bumpy months like this one.
Morgan Stanley Smith Barney LLC this month began imposing quarterly fees of $35 on households with total accounts under $25,000, the latest development in big brokerage firms' long-simmering campaigns to wean financial advisers from small accounts.
Federal Reserve policy makers meeting today may find the market reaction to any announcement of steps to spur growth will be bigger than the impact on the economy.
Important metrics of economic activity are slowing rapidly.
We've now accumulated enough evidence to conclude that the U.S. economy is most probably headed into a second leg of recession, according to the president of the Hussman Trust's latest commentary.
In recent months, GDP numbers have rebounded - primarily as a result of record low interest rates reliquifying the credit market and government stimulus jolting consumer spending.
Many are mistaking this euro weakness for dollar strength. A quick glance at the price of gold - which has made new highs in both currencies - quickly disproves this myth.
Stifel Financial Corp. and Thomas Weisel Partners Group Inc. said last week that they have reached a definitive agreement to merge operations in an all-stock transaction valued at more than $300 million.
Citi private bank testing site tarteting heirs of high-net worth clients; Spend Grow Give
In an executive switch that creates an opening in its wrap account business, Morgan Stanley Smith Barney LLC has named a new chief operating officer and a new private-wealth-management head.
Advisers are alarmed that a new online reporting system that discloses their disciplinary records includes customer complaints that have not been substantiated.
Much recent press has been devoted to warnings of bonds as the next potential market bubble.
The guru of federal retirement policy has high hopes for one of his yet-to-be-approved retirement creations: the automatic IRA.
What to do while waiting for the participant advice rule to be finalized.
Charles G. Goldman, who lost his position as head of Charles Schwab & Co.'s industry-leading business for independent investment advisers 18 months ago, has sued the company in federal court for more than $736,000 in severance pay and related benefits.
The Charles Schwab Corp. last week handed the reins of its registered investment adviser custody business to Bernard “Bernie” Clark who had run sales and relationship management for the Advisor Services group.
The Department of the Treasury and the Department of Labor will soon be taking steps to make it easier for companies to offer “automatic annuities” in 401(k) plans, Treasury senior adviser Mark Iwry said today.
Some top retirement gurus are in the process of developing proposals that could make annuity products a crucial part of millions of Americans' retirement plans.
New York Life Insurance Co. said today that John Kim, president and chief executive of the company's investment management arm, will become chief investment officer at the end of the year.
