S&P's single-notch lowering of the U.S. sovereign debt rating was seen as a big blow to the Treasury market. Instead, worries about default on government debt has investors clamoring for -- yep -- government debt. The result? In an auction this week, taxpayers saved $647M.
The Financial Services Institute, the lobbying organization for independent broker-dealers, said Friday that it had picked up the support of advisers this week from sizable independent broker-dealer Investors Capital Corp.
Investors in junk bond funds withdrew $2.1B from the funds -- in a single day. As one portfolio manager sayd: 'There's clearly a panic going on in the market.'
Retail investors may be fleeing stocks, but corporate executives are purchasing shares of their companies like mad. This may be the surest sign of all the market freefall is near an end. | <a href=http://www.investmentnews.com/article/20110811/FREE/110819980>Bottom's up? Stocks on a tear</a>
Prediction of slow growth and high unemployment validated by yesterday's Fed announcement
Billionaire going bargain hunting amid market turmoil; knows a thing or two about distressed assets
If these Brainiacs are right, now would be a very good time to start buying equities
Warren Buffett roundly disagrees with S&P's lowering of Uncle Sam's credit rating, stating that the United States deserves 'quadruple A' status.
The downgrade of the U.S. credit rating sent investors stampeding out of equities today. What classifies as a 'stampede'? The Dow was down 632 points.
Employers added more jobs than forecast in July, the jobless rate fell and wages climbed, easing concern the U.S. economy is grinding to a halt.
Is the suddenly volatile stock market signaling another recession? A majority of financial advisers don't think so, but a significant number are of the belief that a second recession could be around the corner.
Commonwealth Financial Network and LPL Financial LLC are contending with potential fallout from a real estate private placement they sold that faces pressure from its creditors.
U.S. two-year note yields increased from a record low yesterday as the Labor Department said the U.S. added 117,000 jobs, up from a revised 46,000 gain in June and compared with the 85,000 forecast in a Bloomberg News survey.
Several former long-time executives of A.G. Edwards & Sons Inc. are no longer with Wells Fargo Advisors LLC, InvestmentNews has learned.
GOP and Democratic lawmakers skewer plan to apply stricter standard to retirement plan advisers; 'absence of evidence'
The state of Louisiana will collect about $1 million in a settlement with John Hancock Life Insurance Co. as part of a massive investigation into the insurer's payment of death benefits
The ten largest life insurers doing business in California are under the microscope over the way they handle dormant life insurance policies.
Florida's insurance cop is looking into whether insurers' alleged failure to deliver deceased clients' death benefits promptly may have boosted the companies' financials
Florida's insurance regulator is looking into whether insurers' alleged failure to deliver deceased clients' death benefits promptly may have had an impact on the companies' financial statements and reserves.
A broker-dealer that was a prominent seller of high-risk private placements that wound up going bust has almost wiped the slate clean of costly litigation that could have impaired the firm's financial condition
