And the pain spreads beyond federal employees.
The Fed has indicated that a reduction of asset purchases will depend on economic data, and it's unlikely that those numbers will improve sufficiently by next month to warrant a reduction in the purchases by October, Gundlach said Thursday on a conference call with investors.
Deal adds six equities strategies, pushes firm over $500M in assets.
Former Miami Fed chairman talks tapering, Yellen and the market
A roundup on what top experts had to say about this week's market moves
California-based advisory conglomerate has its eye on national expansion
The world's biggest investors are finding U.S. government bonds becoming safer, not more risky, as the deadline to avoid the first American default approaches
Market experts say investors shouldn't pull their assets out of the market despite the looming debt ceiling debate. But they should be ready for plenty of volatility.
Moves by Wells, Merrill, LPL sign of times?
Two deals in two days and Nicholas Schorsch isn't done yet. Today's deal for Investors Capital marks the second independent broker-dealer he's purchased this year. What's next on his bucket list?
Strategies to mitigate new surtax could kick Medicare prices higher
A federal judge has ruled that Merrill Lynch can't force a group of brokers suing the firm over overtime into arbitration. The case has big implications for the Finra-Schwab class action case.
Move would require brokers to meet the same standard that RIAs meet — putting best interests of clients first.
<i>IN</i> data indicate the firm lost a net 11 adviser teams, $8.4B in client assets, in the third quarter.
Even though the partial shutdown of the government is set to give way to a prolonged — and probably nasty — debt-ceiling debate, now is not the time to bail from the markets.
Small-business health care plans traditionally have based rates on the average age of employees, so that older individuals in a plan benefited from lower rates if there were many younger employees.
The Affordable Care Act has small businesses grappling with tough choices on employee health plans
Twitter's IPO filing put the social media micro-blogging phenom on course for a stock market debut that could raise as much as $1 billion
