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In a stunning reversal of recent patterns, tax-exempt money market funds amassed $4.64 billion of new cash as total net assets soared to $274.7 billion in the week ended July 9.
July 13 -
The market continued to show its confidence in municipal bond mutual funds with strong inflows following a holiday week of relative inactivity.
July 13 -
JPMorgan Chase & Co., the largest U.S. bank, reported a $4.4 billion trading loss in its chief investment office, bigger than analysts estimated, that helped drive second-quarter profit down 9%.
July 13 -
Wells Fargo reported a 17% rise in second-quarter profit on strength in mortgage banking and a drop in expenses.
July 13 -
As Congress and the White House head toward another battle over extending the Bush-era tax cuts, a trade association representing utility companies is warning that investors could be in for a major hit if the rates for qualified dividends revert to their pre-2003 levels, even if the only rates that move are those for the wealthiest Americans.
July 13 -
The Dow Jones Industrial Average fell 31.26 points Thursday to close at 12,573.27 while the S&P 500 and Nasdaq ended off 6.69 points and 21.79 points, respectively.
July 12 -
On July 12, 2012, DoubleLine Capital LPs $28 billion Total Return Bond Fund has experienced the most inflows among U.S. mutual funds this year through June, Bloomberg reports, citing data from Morningstar.
July 12 -
The Board of Trustees of the Newgate Global Resources Fund has decided to liquidate the fund, effective as of July 31, according to a Securities and Exchange filing.
July 12 -
Ernst & Young LLP has appointed Julie Canty and Carlos A. Schmidt as partners in the firms Asset Management Tax practice.
July 12 -
Ask Ed Slott: Your IRA Expert answers readers questions about possible tax implications for retirees as a result of health care reform legislation.
July 12
Ed Slott & Co.
