Central banks will be net buyers of gold this year as they diversify away from the U.S. dollar, marking a reversal of a decades-old trend, global commodities investment fund BlackRock said on Monday in comments that helped drive bullion to fresh record highs.
Tenants in a vast New York City apartment complex and owner Tishman Speyer on Friday said they had opened talks to settle a rent clash, one day before a planned rally against the landlord.
Thursday, 12 Nov 2009 | Source: The Associated Press
With Bank of America Corp. CEO Ken Lewis retiring in less than seven weeks, analysts don't see any candidate emerging as a front-runner for his successor.
The price of oil is crucial for a stable economic recovery, Bob Doll, chief investment officer for equities at BlackRock told CNBC Monday. He reiterated his opinion that stock markets are likely to end the year higher but they will encounter some hurdles.
Wednesday, 29 Jul 2009 | Source: The New York Times
Charles E. F. Millard, head of the Pension Benefit Guaranty Corporation, is under investigation for inappropriate contacts with Wall Street firms seeking to obtain lucrative contracts.
Giant money manager BlackRock is putting together an investment fund that it says will give ordinary Americans a chance to profit from the financial bailouts that they are paying for.
There’s no shortage of companies turning to Twitter and other social media websites to promote their brands. But the trend hasn't created many new jobs—at least not yet.
The Dow eked out a gain Friday, bumping it into positive territory for the year, as Bank of America shares rallied. But techs, energy and commodities retreated as crude oil dropped to around $72 a barrel.
Futures pointed to a negative open for Wall Street Friday as crude oil dropped below $71 a barrel and banks dragged after Bank of America lowered its outlook for the sector.
Stocks opened lower Monday as the dollar and U.S. Treasury yields soared on the back of last week's cheerier jobs data, which prompted speculation that the Fed may raise rates at its next meaeting.
Stocks opened lower Monday as the dollar and U.S. Treasury yields soared on the back of last week's cheerier jobs data, which prompted speculation that the Fed may raise rates at its next meeting.
How can investors prepare their portfolios for the long term? Jon Fisher, portfolio manager at Fifth Third Asset Management, and Joseph Keating, CIO of private asset management at RBC Bank, shared their strategies... Read More