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WASHINGTON—The U.S. debt, $9.5 trillion in 2010, could reach $25.9 trillion by 2021 if not kept in check. This was the warning of Erskine B. Bowles, former White House chief of staff, and Alan K. Simpson, former Senator from Wyoming, who are co-chairs of the National Commission on Fiscal Responsibility and Reform, speaking at the Investment Company Institute’s General Membership Meeting here Friday.
May 6 -
I hate mixed messages but it seems there is finally some good news on the employment front. According to the Department of Labor this morning, non-farm payroll employment added 244,000 jobs in April, with the private sector seeing job growth of 268,000. While that figure exceeded expectations, the unemployment rate rose to 9%. Some experts explained that increase to the people who weren’t looking for jobs now resuming their job-hunt. …
May 6
On Wall Street -
WASHINGTON, D.C. -- Regulation of mutual fund distribution practices "can't be left to stand'' as it is, Securities and Exchange Commission chairman Mary L. Schapiro said Friday.
May 6 -
WASHINGTON, D.C. -- On the one-year anniversary of the Flash Crash, Securities and Exchange Commission chairman Mary L. Schapiro said the behavior of high-frequency trading firms will be closely scrutinized -- and placing obligations on high-speed traders to maintain markets in stocks "remains on the table.''
May 6 -
Looking for a way to play small-cap oil companies to offset some of the pain you're feeling at the pump? IndexIQ's new small-cap oil ETF might be exactly what you need.
May 5 -
Nassim Taleb has made a career out of trying to get financial professionals to pay recognize that unpredictable events do occur, with devestating effect.
May 5 -
Kris Jenner is trained as a surgeon and since 2000 has managed T. Rowe Prices Healthcare Technology fund. Having an M.D. at the helm of a fundand another on its analyst teamdoesnt hurt. Health Sciences boasts Lippers top scores for total return, consistent return and capital preservation, as well as low expenses.
May 5 -
There's a new world order coming in mutual funds. And a new form of wholesaler -- colloquially called a "schmeek" -- will be helping financial advisers understand its new complexity and sell a constantly evolving kaleidoscope of new products to individual investors.
May 5 -
WASHINGTON—Stocks will return between 8% and 9% over the next three to five years, predicted Eddie C. Brown, president and CEO of Brown Capital Management, speaking on the “Industry Investments: Experience Talks” panel at the Investment Company Institute’s General Membership Meeting Thursday morning.
May 5
