Both the city of Chicago and the state of Illinois are about $130 billion underfunded, says Mike "Mish" Shedlock.» Read More
And it all has to do with how earnings are valued, the founder of the Vanguard group told CNBC.
The bull market is seeing the equivalent of its first gray hairs and the proof is in Tuesday's blast of merger activity.
Valeant Pharmaceuticals and Bill Ackman are proposing a cash-and-stock deal for Allergan that could be worth about $45 billion.
After an early April swoon, most stocks have recovered. However, there are still 8 of them that are down 10 percent or more. Investors are suffering.
Ocwen Financial is suspected of 'self-dealing' by regulators and accused of overcharging borrowers and investors to auction off foreclosed properties.
The strong performance of the so-called "fragile five" currencies has marked a return to favor for the so-called carry trade.
Making loans for China's smaller businesses more available would likely resolve the shadow banking hobbling the financial system, Minsheng Banking's vice chairman said.
Pharmaceutical industry observers have been waiting for a rush of deals for months - and they might have finally arrived.
Dan Loeb continued his battle with Sotheby's on Monday with a new letter promoting Third Point's board nominees over the art house's slate.
U.S. subprime auto lenders are "exercising more caution," especially when it comes to higher-risk customers, according to Moody's.
For the first time in several years, Europe's IPO market looks hotter than America's. It could last for some time.
Japan overhauled the world's biggest public pension fund in a push toward Prime Minister Shinzo Abe's goal of a more aggressive investment strategy.
Is there a specific rate of return for an investment that should set off alarm bells in your head?
A U.S. appeals court is set hear a case whose outcome could make it harder to prosecute insider trading and may jeopardize some guilty verdicts.
The New York attorney general's office has subpoenaed about a half-dozen high-frequency trading firms, a source told CNBC.
Hedge funds have suffered their worst start to the year in performance terms since the financial crisis, as returns in March and January were both in the red.
Citigroup will not webcast its annual meeting next week in St. Louis, in a move one analyst called "ridiculous."
The Fed should "explicitly" say it will keep rates near zero until the economy is within a year of reaching Fed goals, a policymaker said.
Every single IPO deal this week has priced below their expected range, including three that came to market late Tuesday.
Everyone's buzzing about HFTs having a speed advantage but this NYU professor and former HFT trader says not so fast — there's more.
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Wall Street is slowly coming to a grips not with breakout growth but with more mediocrity that could keep rates on hold.
With the S&P 500 advancing 11 percent since last year's Sohn Conference, here are the winners and losers for the year.
CNBC reports that both Keith Meister's Corvex and Dan Loeb's Third Point have taken large stakes in Yum Brands.