Investments

California Gov. Jerry Brown’s quick veto of the budget adopted by the Legislature last week has renewed concerns about the state’s cash flow amid another long ­delay.

Is a mutual fund company responsible for the statements made in a prospectus for one of its funds? Is the manager of the fund? Possibly not, in either case.

BlackRock sees U.S. growth coming this year. Hays Advisory sees profits for U.S. manufacturing as the currencies of emerging markets strengthen. Raymond James says the markets are making a low and will turn up. Barclays doesn¡¯t expect to see more Fed stimulus. But Glenmede sees increased risk of a U.S slowdown.

A number of areas of growing strength in the retail and commercial real estate market point to continued improvement in the U.S. economy, according to a report from real estate research and consulting firm Maximus Advisors.

A new report from Morningstar looking at May’s fund flows adds further evidence that investors are growing less enchanted with equities in favor of more conservative assets.

When financial services leaders are no longer confident, where does that leave the rest of us?

Financial advisers and investors may want to heed some cautionary words from several economists at the Wharton School who think that the country's current economic recovery will remain a sluggish affair and, whenever it does stabilize, it will likely mark the beginning of a "new normal" that's less robust and prosperous than prior cyclical peaks.

The Conference Board Leading Economic Index increased 0.8% in May to 114.7 (2004 = 100), following a 0.4% decline in April and a 0.7% increase in March. The largest contributions came from the interest rate spread, consumer expectations and housing permits.

The New York City Transitional Finance Authority Wednesday will competitively bid $300 million of building aid revenue bonds, including $100 million of taxable qualified school construction bonds.

In anticipation of the U.S. dollar's declining value, many investors are busy adjusting their portfolios to get more exposure to other major currencies. But a new research report from Merk Investments suggests that they may not be nearly as diversified as they need to be.

BlackRock’s iShares exchange-traded fund division has launched the iShares Floating Rate Note Fund (ticker: FLOT), its first floating rate fund.

Overall, hedge funds had generally positive performance numbers since January. But May numbers, when isolated, told a much different story.

Fifty-nine percent of Americans are not confident the U.S. economy will rebound within the next year, a survey of 1,011 adults by the Certified Financial Planner Board of Standards found.

Citigroup has completed an "extensive upgrade" of its electronic trading infrastructure and now says it is providing institutional clients with continuous, 24-hour access to global markets.

Registered Fund Services and UMB Fund Services have jointly developed a turnkey registered hedge fund program.

Eaton Vance Management has launched the Eaton Vance Municipal Opportunities Fund, a fund that employs an opportunistic approach to investing in municipal obligations, with the aim of maximizing after-tax total return.

Average daily volume in stock trading is averaging 7.6 billion shares this year, according to a rundown of statistics at the market structure panel run Tuesday by Richard Repetto of Sandler O'Neill, the respected industry analyst. Once upon a time, they would call this a doldrum.

Direxion has launched five new daily leveraged and inverse exchange-traded funds, focused on sectors that have attracted large assets and have high trading volume.

A panel of JPMorgan Chase strategists and portfolio managers this week made it clear that while there are opportunities for equities investors in the U.S., there are better options in both developed international equities markets and in emerging markets.

Direxion has launched five new daily leveraged and inverse exchange-traded funds, focused on sectors that have attracted large assets and have high trading volume.