Strategists and money managers warn about chasing performance, citing concerns from stretched valuations to uncertainty over Donald Trump's policies.
A new paper claims that a lot of the gains reaped by the legendary managers over time were, in theory, available to anyone using a handful of buy-and-sell signals.
The Obama administration called for immediate congressional action to stop U.S. companies from using cross-border mergers to escape the country's tax system, the latest trend in corporate deal-making.
A federal U.S. Court of Appeals panel said U.S. District Judge Jed Rakoff was wrong to reject $285 million SEC settlement with Citigroup. The court said the judge abused his discretion. Case also bolsters agency's policy of not forcing firms to admit guilt when it settles cases.
