Technology is pretty inexpensive but as Dave O'Brien reminds advisers, acquisition is only one step toward tech success.
The vice chairman of the exchange at the time, called it the worst avalanche of selling he'd ever seen, according to an unpublished oral history kept by the exchange. The Dow lost 21 points, or 2.9%, on Nov. 22, 1963.
Investors are pouring more money into stock mutual funds in the U.S. than they have in 13 years, attracted by a market near record highs
“There is a cost of overearning in which some of that money gets paid back to the government in fines,” Sallie Krawcheck said Wednesday at The Year Ahead: 2014, a two-day conference sponsored by Bloomberg in Chicago.
The world's largest investment banks should enact changes including “ruthless prioritization” of clients and combining fixed-income and equity trading to avoid a sharp decline in profitability, according to McKinsey & Co.
Investors pumped $8.9 billion into money-market mutual funds on Thursday, the first day of deposits in more than two weeks, as an agreement by lawmakers in Washington averted a government default.
Finance chiefs from nations holding more than $1.3 trillion of Treasuries signaled no plans to sell even as the U.S. faced condemnation for the fiscal fight plaguing the world's largest economy.
There will be “no change in rates, no change in the asset purchase and no major change in forward guidance,” Mr. El-Erian said. “In the short term, the market thinks that no news is good news.”
Hedge funds cut bullish gold bets, adding the most short contracts in four weeks, as U.S. economic growth fuels speculation the Federal Reserve will trim quantitative easing. Holdings across commodities dropped the most since April.
Highbridge Capital Management LLC, the JPMorgan Chase & Co. unit that manages about $31 billion, is starting an Asia hedge fund, returning to the market more than two years after shutting a predecessor fund.
