Mutual funds could invest directly in commodities under legislation introduced Wednesday by House Ways and Means Committee Chairman Charles Rangel, D-N.Y., and Select Revenue Measures Subcommittee Chairman Richard Neal, D-Mass.
A rising dollar and disappointing corporate forecasts pushed stocks lower and Treasurys higher on Thursday.
Bank of America's board is meeting to discuss potential replacements for CEO Ken Lewis who has said he plans to leave by the end of the year.
Bank of America is having such a hard time finding a new CEO that some analysts are wondering if Ken Lewis might have to stay past his planned Dec. 31 departure.
The five new management firms will add 12 strategies to the Covestor platform's mix of 46 investment strategies.
Stock futures are indicating a higher opening on Wall Street Wednesday ahead of data on consumer prices and housing and the Federal Reserve's decision on interest rates.
Stocks rose in early trading Wednesday following a benign reading on consumer inflation and a rebound in housing starts.
It's been a long, dry spell for many of the suit-clad Wall Streeters who were handed their pink slips before hardly anyone was talking recovery. But sit down with a handful of ex-finance industry workers volunteering to work for free as interns in a city-sponsored retraining program, and they seem almost ... happy.
Wells Fargo & Co. today said that it would buy up Prudential Financial Inc.'s minority stake in Wells Fargo Advisors LLC, shelling out cash for the purchase.
Americans are more likely to turn to family members and friends — rather than advisers — for financial advice, according to data from Sun Life Financial Inc.
Easygoing Charles Johnston does not have the celebrity star power of the executives who run the other brokerage houses on Wall Street.
It appears likely that Congress will punish the Federal Reserve for its role in the financial crisis by taking away some of its independence and responsibilities. The legislators are scapegoating.
The SEC is backpedaling on a proposal that would require advisory firms that deducted fees from client accounts to undergo costly surprise audits.
The economic downturn is hurting the associations that represent financial planners, investment advisers and big brokerages.
Although Americans are aware of the debilitating costs of long-term care, few seem to understand how to pay for those services, according to a study by MetLife Mature Market Institute.
The Internal Revenue Service has closed another loophole in the Tax Code.
Financial advisers may want to invest in a Farmers' Almanac to figure out which stocks to buy. That's because it appears companies that announce earnings on sunny days in New York City see their stocks perform better than companies that do so during inclement weather, according to a recent study by two accounting professors.
The spiritual message of Bob Dylan's soulful ditty about fate and consequences, “Gotta Serve Somebody,” is taking on a more down-to-earth meaning this year.
Stocks fell in early trading Tuesday after wholesale inflation rose more than expected in November, led by a surge in energy costs.
Stock futures are indicating a lower opening on Wall Street following declines in overseas markets and as the Federal Reserve prepares to begin a two-day meeting on interest-rate policies.
