BlackRock has become the latest investment house to close a macro hedge fund after its $1bn vehicle suffered its worst-ever performance, the FT reports.» Read More
Bank of America plans to identify tens of billions of dollars in assets and businesses that it wants to sell or wind down, in the latest effort to ease investors’ concerns about its holdings of risky securities and loans.
Worries about the role ETFs play in changing the nature of how people invest and the market’s high correlation to itself.
Goldman Sachs, the Wall Street giant, is in talks with at least five potential hirers for traders at its U.S. proprietary trading group headed by Bob Howard.
Goldman Sachs Principle Strategies Unit, the prop trading unit in Goldman Sachs Equity Division, is in discussion with a few potential buyers, including Kohlberg Kravis and Roberts.
With the economy this uncertain and corporate M&A activity on the rise, "this is not the time for investors to just think about IG (investment grade) or high yield as sectors. You want to look at name specific," Fisher said.
What was obvious at last week's annual meeting of central bankers at Jackson Hole, Wy., was that they aren't certain how to conduct policy now that interest rates are near zero. There also are big differences about what to do when things return to “normal.”
From Bank of America's perspective, this is very consistent with the CEO Brian Moynihan's overall message to "slim down the firm to the core assets that he wants to own."
One real estate expert thinks federal subsidies for first-time homebuyers could help jumpstart the housing market.
Which stocks should investors be buying into next week? Don Schreiber, founder, president and CIO of WIB, and Alan Lancz, president of Alan B. Lancz & Associates, shared their best plays.
Lagging US economy or not, these CEOs are delivering for shareholders.
Brian Stutland of CBOE Partners wants to play a financial name, but is selling a put instead of buying the stock. He explains how his trade makes money.
What follows is a roundup of corporate earnings reports for Wednesday, July 21.
It’s no secret that bond funds are where the action has been over the past year, with most new fund money going their way. What is a secret—or at least something that never gets discussed—is the cost of investing in bond funds.
Ignore the Street and listen to the markets. The price action in the stocks is telling you more than any research report.
At the end of the quarter, many portfolio managers look to wash their hands of losers and start anew. This is an opportunity for you. In spite of all our economic troubles, all of those stocks resting at 52-week lows are not as bad as their stock prices would suggest.
State capital Harrisburg, population 50,000, is only the ninth-biggest city in Pennsylvania. Yet it has become a center of debate over the nation’s brewing municipal fiscal crisis.
It soon became clear that the “risk factors” section of the documents, in which BP would lay out the perceived risks to its bondholders, was too delicate an explanation to rush, says one of the people familiar with the matter, and the company realized it would likely need at least another week to finish the prospectus.
Keep a close eye on the financials this week as lawmakers enter the final phase of Wall Street reform.
Here's what analysts and others say they're watching before the bell Monday.
If action in the S&P is your main barometer for gauging the health of this market, you may be missing something - something big!