Money managers are turning on stocks that have delivered the best returns during the bull market: small caps.
Wall Street's biggest banks say the slump in emerging-market assets that left equities trailing advanced-nation shares by the most since 1998 last year will prove more than a fleeting selloff.
DoubleLine Capital hired Pacific Investment Management Co.'s Ignacio Sosa as director for a newly created product solutions group as chief executive Jeffrey Gundlach looks to expand outside the U.S.
Premature withdrawals from retirement accounts have become America's new piggy bank, cracked open in record amounts during lean times by people such as Cindy Cromie, who needed the money to rent a U-Haul and start a new life.
Warren E. Buffett, who invested $5 billion in Bank of America Corp., said he's confident the lender will overcome an accounting mistake that forced the firm to suspend an increased payout to shareholders.
Private equity funds are probably too complicated for the average investor's retirement account, according to Principal Financial Group Inc., which provides the plans to 3.8 million people.
Seven of the 15 U.S. takeover bids worth more than $10 billion since January 2013 were initiated by firms founded and controlled by one of the 200 wealthiest men in the world, according to data compiled by Bloomberg.
Warren E. Buffett, in his annual letter to shareholders of Berkshire Hathaway Inc. last week, said the best investment he ever made was buying a copy of “The Intelligent Investor” by Benjamin Graham. The billionaire isn't the only prominent investor who considers that purchase money well spent.
Deutsche Bank AG's asset management unit has started the first U.S.-based exchange traded fund that allows investors to buy Chinese stocks trading in both the domestic and foreign markets.
Lazard Ltd., the largest independent financial-advisory firm, reported a surge in first-quarter profit that beat analysts' estimates as revenue from advising on mergers doubled.
