After the Dow Jones Industrial Average dropped more than 200 points just before 3pm ET., the index staged an incredible 636 point turnaround to close at 11,240, up 3.98% for the day — just one day after one of the worst performances in stocks market history.
The bicameral, bipartisan 12-person supercommittee must consider changes both to taxes and entitlements to make fundamental changes in the deficit trajectory. But will members be willing to break with party orthodoxy?
Company debt from the U.S. to Europe to Asia returned 1.8% last month on average, erasing a 0.65% loss in June, and the most since a 2.14% gain in August 2010.
Still investing in defensive bond portfolios despite long patch of stable prices
The market has been down for five straight weeks. But that isn't stopping Laszlo Birinyi's firm from making another audacious prediction about where the S&P 500 index is headed.
Famed Yale economist Robert Shiller isn't exactly bullish on most asset classes for the next decade. The only investment he likes? Green acres.
Stifel Nicolaus & Co. Inc. has hired Susan M. Dixon, former branch manager of Smith Barney's Laguna Niguel, Calif., office, to open a Stifel branch in Irvine, Calif.
Retail accounts of many banks not money-spinners; Wells Fargo latest to join field
New unit named after maker of bank's trademark stage coach
Once touted as a possible replacement for Ken Lewis at Bank of America, Robert Kelly resigned unexpectedly on Wednesday as CEO of BNY Mellon. According to reports, disagreements with directors ultimately led to his exit.
Typical family office invests more than a quarter of its clients' assets with hedge funds; share could be even larger
Is this a trend? Another private equity firm has invested in the RIA space -- and this time the buyer is the giant Carlyle Group.
Former registered sales assistant accused of misappropriating $750K from 22 clients in Palo Alto office
If Main Street blames Washington for debt rating and market decline, Congress could feel constituents' wrath
Credit ratings agency follows its downgrade of US long-term sovereign credit rating with a host of additional downgrades.
SEC vote requires hedgies, PE firms to register with commission; exemption granted for family offices
Given the stampede on Wall Street over the past few days, it's no surprise that clients are a little freaked out. But legendary stock picker Lazlo Birinyi isn't fazed. Despite the drama, he says 'the bull market is intact.'
Investors make a killing off stock slaughter; Pimco, Universa generate big returns
'Stay bonus' be damned: LPL's gain is Securities America's loss as two top producers depart
