The $357 million of interest due on general-obligation debt will be paid, as the island seeks to restructure a $70 billion debt burden.
Plus: The Fed's rate hike isn't likely to be enough to derail corporate America's borrowing binge.
<i>Breakfast with Benjamin</i>: Why those claiming the junk bond market looks just like the start of the 2008 financial crisis are wrong.
Some highs and lows, swings and misses
Plus: You ain't seen lame until you've seen Congress next year, money manager M&A peaks, avoiding financial fraud, and how the rich get and stay rich
Bracing for the highs and lows of cannabis-industry stocks.
Broker-dealer agrees to a $1.4 million fine and will return investor money on approximately 2,000 sales of nontraded REITs. Firm also settles with states regarding leveraged ETFs.
Fund industry worries about fallout from results of SEC exam sweep on distribution fees.
Plus: Most consumers are optimistic about improved household finances next year, embracing a contrarian investing strategy, and what the Dow was like in the beginning
MLPs move back into the spotlight for patient investors
Steven A. Cohen is poised to make a return to the hedge-fund industry by 2018 under an accord with U.S. regulators that settles allegations that the billionaire failed to supervise a convicted insider-trader at SAC Capital Advisors.
<i>Breakfast with Benjamin</i> Morningstar's John Rekenthaler clarifies after recently referring to market-timers as “circus clowns minus the funny suits.”
Good infrastructure products are unlikely to wildly outperform equities, but they're also unlikely to create serious losses
<i>Breakfast with Benjamin</i>: Smart beta was the top financial search term on Investopedia in 2015, and for good reason.
Hedge-fund assets contracted by $95 billion to $2.87 trillion during third quarter amid a surge of fund closures.
BlackRock CEO Larry Fink gives Federal Reserve chairwoman Janet Yellen rave reviews for her speech following the Fed's move to raise interest rates.
Flip-flopping the weightings of the traditional Dow 30 stocks
The firm's settlement with the states was reminiscent of how broker-dealers handled various settlements in paying clients who bought auction rate securities.
Three lessons for advisers from the closing of the Third Avenue Focused Credit Fund.
