Guy LeBas, chief fixed income strategist for Janney Montgomery Scott LLC, reacts to the underwhelming jobs report for March. The U.S. added 120,000 jobs last month, well below the 205,000 gain in nonfarm payrolls that economists had forecasted in a survey conducted by Bloomberg ahead of the Labor Department's latest numbers on Friday.
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.
Senate Democratic leaders will introduce a bill that would provide tax relief for small businesses that hired new workers and purchased new capital equipment this year.
State security administrators failed to take state pre-emption out of a provision that authorizes start-up companies to raise capital on the internet and through social media.
Unlike earlier proposals by House Republicans, the bill wouldn't prevent any specific industry from qualifying for the break amounting to 20% of businesses' income
The case for quality dividend stocks in the first five years of retirement
John Bunch, the former retail head at TD Ameritrade, has been named CEO at Adam Bold's RIA, The Mutual Fund store, which targets households that have $50,000 to $500,000 in assets. This, Bunch says, is 'a market that is the most underserved' by the advice community.
Tom Bradley will take the helm of TD Ameritrade Holding Corp.'s retail unit, replacing John Bunch, who is leaving to head up an investment advisory firm. Tom Nally will replace Mr. Bradley as head of TD Ameritrade Institutional.
Tough to make ends meet with CDs and Treasuries; volatility not as frightening when it's SOP
CIO certain another round of quantitative easing is in the cards; likes junk bonds
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.
Money managers cite bank's low P/e ratio, high cash reserves; 'it's been too cheap for a long time'
New wealth management firm recruiting from big firms; 'lot of unhappy people there'
In a move that highlights its increasing emphasis on enforcement, the Certified Financial Planner Board of Standards Inc. has hired its first director of investigations.
Federal lawmakers are pressing officials of the Securities Investor Protection Corp. to reimburse its Ponzi scheme victims.
