Despite 'spectacular' ramp up in business profits, stock buyers remain on the sidelines; unemployment the hitch?
A new study by the Government Accountability Office predicts that middle-class workers may well outlive retirement savings. The solution, the GAO says, is for workers to hold off on taking Social Security -- and buy annuities.
Vincent McCrudden is not backing down. The fund manager accused of threatening to harm Mary Schapiro and officials at Finra claims he's been hounded by regulators for a decade -- and is now being railroaded by prosecutors. Says McCrudden: 'I'll defend 100% of what I've written.'
See precious metal rebounding to nearly $2,000 an ounce; 'loss of trust'
The Magellan Fund was once the envy of the industry. But in recent years, it has bled assets and consistently under performed. Fidelity had to do something to right the ship. On Wednesday it did, bringing in a new portfolio manager.
Fed used custodians as fronts to funnel cash to besieged money-market funds; 'national emergency'
Increase in cash requirement sends prices tumbling; topped $1,800 an ounce on Wednesday
Precious metal gains from race to debase currencies, now tops $1,800; BofA sees it at $2,000 in a year
Most money pulled out since last May; stock and bond funds both dumped
Could put a hole in money-market funds, which hold $760 billion in Treasuries. The question is: should investors pull their money out now just in case lawmakers in Washington don't reach a debt-ceiling agreement by Aug. 2?
