Portfolio

The Federal Reserve on Wednesday agreed to softly pare back its asset purchases by $10 billion, taking the first step in unwinding its controversial bond buying program.

Pimco Says Growth Abroad May Lift ‘Not Stellar’ Asia Economy

Treasuries Snap Advance Before Fed Announces Decision on Taper

John Bogle on Founding Mutual Fund Giant Vanguard

Omers Pension Names Michael Latimer New CEO as Nobrega Retires

While the landscape for low-cost fund options for do-it-yourselfers is expanding, John Bogle, founder and retired CEO of the Vanguard Group, believes DIY product offerings are too often inappropriate for long-term investors, who are at risk of being led astray.

Unlike many ultrahigh-net-worth individuals and families, the new rich rely primarily on income from their jobs for their wealth.

Seeking to avoid the "embarrassment," "annoyance" and "expense" of a lawsuit, the CFP Board is asking a federal judge to quash most requests for documents and depositions from two planners who are suing the organization.

Jefferies Group, the securities firm owned by Leucadia National, said profit rose 68% as stock underwriting more than doubled and investment- banking revenue reached a record.

There’s a 40% to 60% chance that the Federal Reserve will announce a reduction in its asset purchase program tomorrow, according to Mohamed El-Erian, chief executive officer of Pimco.