Fidelity Investments on Tuesday announced that it is cutting its management fees on its Section 529 plans. The reduced rates will apply to Fidelity's seven state-sponsored 529 plans.
Stock buying picked up momentum Tuesday as rising commodity prices and reports on manufacturing and housing pointed to a rebound in the economy.
Stocks are heading toward a higher open as investors await reports on manufacturing and home sales.
After shoppers gave retailers a somewhat encouraging start to the holiday shopping season, stores now turn their attention to the online promotions known as Cyber Monday and bringing back customers the rest of the season.
Financial advisers and investors must bear in mind that consumers won't be in a position to support their normal share of economic growth, according to Brian Wright, head trader and co-portfolio manager with Advanced Equities Asset Management.
Already under pressure from credit rating agencies, U.S. life insurers are about to be rocked again — by defaults on their investments in commercial real estate and mortgages, according to a report from Fitch Ratings Ltd.
ABN Amro Bank NV — the state-owned Dutch banking operations left over from the parent company's bailout — on Wednesday reported a euro32 million ($48 million) loss for the third quarter due to higher provisions for bad loans.
The economy grew at a 2.8 percent pace last quarter, as the recovery got off to a slower start than first thought.
Stocks retreated from 13-month highs after a lackluster reading on consumer confidence and a report showing slower economic growth sapped the market's optimism.
Here's the good news: 73% of the companies in the S&P 500 re-ported second-quarter earnings that beat analysts' estimates, and 80% beat the estimates in the third quarter.
Fidelity Investments is unveiling details of the enhanced service model that Charles Goldman, head of its institutional platforms business, promised for registered investment advisers when he joined the firm from The Charles Schwab Corp. almost a year ago.
Financial advisers and other consumers with any debt at all need to become more Scrooge-like this holiday season and avoid buying presents altogether, cautions a credit counseling organization.
In a move to attract and retain registered investment advisers and independent-broker-dealer clients, Fidelity Investments has introduced a program that it says offers financial advisers access to market analysis and industry insights.
Earlier today, Robert Benmosche, CEO of AIG, sent a memo to employees at the insurance company addressing speculation about his potential departure. The text of his memo is below:
A significant update to the popular financial planning program MoneyGuidePro was rolled out last week.
State insurance regulators yesterday voted in favor of using a new method to evaluate residential mortgage-backed securities that would allow them to reduce the capital requirements related to these investments.
Americans' confidence about the U.S. economy fell unexpectedly in October as job prospects remained bleak, a private research group said Tuesday, fueling speculation that an already gloomy holiday shopping forecast could worsen.
Three institutional infrastructure money managers are the latest to have stopped fundraising efforts amid a drastic reversal in fortune.
