Assets in Section 529 college savings plans are beginning to recover from last year's sharp drop, climbing to an estimated $98.6 billion in the second quarter, up 15% from first quarter assets of $85.9 billion.
The National Association of Home Builders said Monday its housing market index rose in August to the highest point in more than a year, as homebuyers hurried to take advantage of a federal tax credit before it expires.
The SEC today announced that it is seeking additional public comment on an alternative proposed uptick rule that would allow short selling “only at an increment above the national best bid,” according to a commission news release.
Index annuity sales rose during the second quarter, hitting $8.3 billion, according to data from Advantage Group Associates Inc.
Values on fixed-income securities will fall, hindering life insurers' financial performance over the next two years.
New York Attorney General Andrew Cuomo filed a lawsuit today against The Charles Schwab Corp., claiming the brokerage firm misled customers about the safety of auction rate securities — and the firm is digging in for a fight.
Chinese stocks plunged to their lowest level in two months today, tracking regional losses on renewed jitters over the economic outlook and government policy.
Health insurer Aetna Inc. will need two years to bring its profit margins back to their former levels, an Oppenheimer analyst said today in a note to client.
Catastrophe bonds climbed Friday to their highest level of the year amid reports of calmer hurricane outlooks ahead, Bloomberg reported.
Three college students whose parents died are vying for a $5,000 scholarship from the Life and Health Insurance Foundation for Education.
History is rife with examples of adverse, unintended consequences resulting from well-intentioned lawmaking acting in the face of a crisis.
A decade-long rise in commodities prices — the so-called supercycle — is about to resume, market bulls say, driven by rising industrial demand, a weaker dollar and production constraints.
Lipstick sales are down — good news for those who see cosmetics sales as a leading economic indicator.
Wall Street firms pride themselves on hiring the best and the brightest, yet they constantly do dumb things in pursuit of profits that bring the whole financial industry into disrepute.
After gaining an average of 13.9% last year, managed-futures funds have come back down to earth this year as their managers sit with cash and look for signs of a discernable market trend.
New York Gov. David A. Paterson has named James J. Wrynn the state's superintendent of insurance.
It was listed for $26 million, but bond guru Bill Gross bought a bay-facing home on Harbor Island in Newport Beach, Calif., for $23 million, according to reports.
Meredith Whitney Advisory Group LLC has announced that it has wrapped up its purchase of Seegal Benson Leucadia Securities LLC, a New York-based broker dealer.
The Hartford (Conn.) Financial Services Group Inc. has named Dan Guilbert chief actuary of Hartford Life Insurance Co.
