Confidence among Americans regarding their future personal financial conditions and the jobs market continue to decline, dropping the index near to its all-time low of this past July.
The number of first-time jobless claims was 573,000 for the week ending Dec. 6, a 58,000 increase from the previous week.
Most investors are satisfied with the way their portfolios have held up in the market downturn, according to a survey by Natixis Global Associates of Boston.
Money market mutual funds that invest in Treasuries could cost investors money if the Federal Reserve Bank cuts interest rates further, according to Peter Crane, president of the Westborough, Mass.-based research firm Crane Data LLC.
The Allstate Corp. of Northbrook, Ill., has announced the departure of James E. Hohmann, president and chief executive of Allstate Financial LLC, who is leaving on Jan. 5.
Pending sales of existing homes and median home prices fell in October, although the declines were smaller than anticipated — and there were even signs of improvement in certain markets.
Your client owns a small business that operates as a subchapter S corporation. She elected S corporation status when the individual tax rates were lower than those for a C corporation.
Pershing LLC, the securities clearing and RIA custody affiliate of The Bank of New York Mellon Corp., has set up a website and suite of tools for stockbrokers who are considering shifting from large broker-dealers to other business models.
Fidelity Investments today announced the formal launch of its Fidelity <a href="http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20071029/FREE/710290351/1009/TOC&ht=" target=”_blank”>WealthCentral</a> management platform for registered investment advisers.
The Kansas City, Mo.-based tax services provider reported a net loss of $134.9 million, or 41 cents a share, for the quarter ended Oct. 31, compared with a net loss of $502.3 million, or $1.55 cents a share, in the year- earlier period.
