Morgan Stanley said it will miss profit-margin goals for its brokerage joint venture with Citigroup Inc.'s Smith Barney, blaming the May 6 market crash for scaring away investors.
Another independent broker-dealer has bitten the dust, this time apparently because of some private placement deals that went bust.
'Pledge to America' offers mostly centrist policy changes; lobbing 'firecrackers' instead of missiles
Stock Trader's Almanac editor sees 8.9% annual gain for DJIA over next fifteen years; 'can't throw a dart that far'
President Barack Obama said it would be “irresponsible” for Congress to extend tax cuts for the wealthiest Americans and voiced support for Treasury Secretary Tim Geithner and National Economic Council Chairman Lawrence Summers.
Reports began circulating on Aug. 27 that Manulife — John Hancock Financial Services Inc.'s parent company — was gearing up to buy Lincoln National Corp.
Acquisition of U.S. company — and its variable annuity business — would hike Manulife's exposure to volatile equity markets
The SEC suit against Goldman Sachs has some Wall Street execs rethinking the standard of care that's due less-savvy investors. But flogging a new framework for 'suitability' could be a tough sell.
Last week the U.S. stock market rose for the fourth week in a row.
Last week marked the fourth consecutive week in which stock markets posted gains, with the Dow Jones Industrial Average climbing 2.4% to 10,860, the S&P 500 Index advancing 2.1% to 1,149 and the Nasdaq Composite rising 2.8% to 2,381.
The market's negative sentiment toward the energy sector has created a strong buying opportunity in the natural-gas space, according to Harry Rady, manager of the Rady Contrarian Long/Short Fund.
Fidelity Investments' insurance unit has dropped the cost of its variable annuity by 10 basis points and has created a new fee level for larger accounts.
Corporate-governance experts believe that seven proposals designed to make Finra disclose more information and give members a say on executive compensation may never be implemented.
Broker-dealers who last week overwhelmingly approved a set of proxy proposals designed to make Finra more transparent now want to see the regulator take action.
For the last several months, the markets have been behaving as though the global economy were about to slip into a double-dip recession.
It looks like Finra isn't waiting for the Securities and Exchange Commission to figure out how high-frequency traders are affecting the market.
