Marks first non-payment on GOBs by insolvent state capital; 'indication of how severe the problem is'
Legendary bond investor not a big fan of market-cap-weighted fixed-income funds; 'who's supposed to go broke here?'
Sees S&P 500 plummeting up to 43% this year; recession, here we come
Federated Investors Inc.'s pending acquisition of $5 billion in money market fund assets from Fifth Third Bancorp could be just the beginning of a spending spree.
Fifth Third Bancorp announced on Thursday that it is selling its money-market fund operations. Given that scale is crucial in a business currently crimped by low-interest rates and a regulatory clampdown, you can bet more regional banks will follow suit.
Fund giant reduces expense ratios on its $21 billion emerging-markets fund, five others
Technical signals indicate precious metal may be less precious in the next few days
Will bring in its own team as replacement; another loss for giant fund firm
The late Howard Schow co-managed the $30 billion Vanguard Primecap fund since its inception almost 30 years ago
The Hartford's surprise exit from several key businesses is still making waves in the advice industry. The latest news: Edward Jones has ceased selling the carrier's life insurance and annuities.
Berkshire boss says investors should steer clear of Treasuries; he's not big on gold, either
Junk bonds are becoming more attractive compared with stocks as relative yields on the debt soar to a two-year high and a U.S. recession becomes likelier, according to JPMorgan Chase & Co.
Forecasting a solid rally after a bad first quarter; recent tailspin 'was not fully justified'
Prospects for return on equities compared to debt 'as good as they have been in a generation'
Stop us if you've heard this one before: Another nontraded REIT -- this time, Cornerstone Core Properties -- has seen its value plummet. How far? After a repricing, the real estate trust shed 72% of its worth.
