The bull market that Wall Street loved to hate is closing in on its 6th birthday, a milestone most Wall Street pros never expected to celebrate. 37 more words
Tags » Markets
A recent report by the Pension Protection Fund in the U.K. estimates that, on average, U.K. defined benefit pension funds saw liabilities increase by 29% in 2014 alone, as low interest rates have meant asset growth has not kept pace with the growth in liabilities. 498 more words
What did Fed Chairwoman Janet Yellen say about raising rates at last week’s Humphrey-Hawkins testimony? She promised a wording change (“patient”) before rates were increased, but disavowed any implied promise that rates wouldn’t rise until the second meeting after the change, or that dropping the word implied a hike two meetings later. 1,138 more words
The SEC legal action against famed hedge fund founder Steven Cohen was stayed for a fifth time Tuesday at the request of federal prosecutors.
It was back in July 2013 when the market regulator filed the administrative proceeding against the billionaire SAC Capital founder, charging he failed to provide reasonable supervision for two subordinates later accused of insider trading. 248 more words
From a trend perspective, the U.S. stock market is in a much stronger position than it was back in March 2000 when the Nasdaq composite first crossed the 5000 barrier. 337 more words