One of the great ironies of the market cataclysm is that investors stuck with auction rate securities — among the earliest victims of the global credit freeze — are now enjoying some of the fattest returns.
From a technology standpoint, brokers at Bank of America Corp. are sitting pretty.
Those who are fuzzy about how the stock market works can now learn the fundamentals of investing by relating it to sports.
Target date funds were hammered in the third quarter and fared worse then the S&P 500 because of poor performance from international stocks.
Wirehouse representatives have been on tenterhooks since last week, awaiting the fate of their parent companies — while at the same time trying to deal with the market meltdown.
Prudential Financial Inc. yesterday pre-released third quarter results for its financial services businesses, warning investors of large investment losses.
In a rare piece of positive economic data, lower energy prices in July sent the trade deficit down 3.5% in August, according to data from the Department of Commerce.
New software examines patterns and modeling activities across a broker-dealer’s book of business.
In an effort the calm the nerves of anxious Americans, President George W. Bush this morning said that the government is acting to resolve the financial crisis, which has mostly been driven by “uncertainty and fear.”
The Charles Schwab Corp. short-term-bond fund that blew up this year because of its exposure to mortgage-backed securities is now costing the firm as a result of significant legal losses.
