The Senate vote of 56-26 to confirm Yellen means she garnered even less support than outgoing Chairman Ben S. Bernanke.
Hedge funds raised bullish gold wagers to the highest in eight weeks as signs of stronger Chinese demand drove prices to the longest rally since August. Goldman Sachs analysts say the gains will be short-lived.
Pimco's Bill Gross is recommending investors focus on shorter-duration debt. Why? More important than the upcoming jobs report, the slow pace of inflation indicates the Fed will keep its benchmark interest rate at or close to zero.
The biggest exchange-traded fund tracking the $3.7 trillion municipal bond market is selling at the highest premium to the value of its assets since May, an early sign that local debt may avoid a second year of losses.
“The experience of the marketplace this past week is going to be indicative of this entire year,” Mr. Fink told a panel at the World Economic Forum in Davos, Switzerland. “We're going to be in a world of much greater volatility.”
In the wake of Mohammed El-Erian's departure from Pimco, <i>InvestmentNews'</i> editor Fred Gabriel sat down with senior columnist Jeff Benjamin to discuss what this shift of power may mean.
Mukesh Mehta leaves TD Ameritrade to oversee network of four broker-dealers.
Pacific Investment Management Co. has joined with London-based exchange-traded products provider Source UK Services to offer the first actively managed ETF focused on covered bonds.
