NEW YORK The U.S. election of Donald Trump has created "considerable" uncertainty over the policies he will pursue so it is too soon for the Federal Reserve to judge whether its plan for gradual interest rate hikes needs adjusting, one of the most influential Fed policymakers said on Monday.
NEW YORK Investors are rushing to get out of a top exchange-traded note before it stops trading publicly, and those who fail to find a buyer may be stuck for years in a widely misunderstood product.
NEW YORKIf there is one takeaway from the depressing retirement-savings surveys that come in pretty much every day, it is this: The current system is not working for most Americans.
The Financial Industry Regulatory Authority said on Monday it has fined Credit Suisse's U.S.-based securities business $16.5 million for ineffective anti-money laundering programs.
NEW YORK Nancy King, global head of commodities trading at Morgan Stanley, has spent the last few years remodeling what used to be one of the most profitable units on Wall Street, by downsizing and focusing on smaller, smart trades for customers instead of the big, risky bets it used to make on its own account.
BOSTON Donald Trump's U.S. presidential election win gave a huge boost to some prominent hedge fund portfolios, helping them post double-digit gains in November, several investors said.
NEW YORK The DoubleLine Total Return Bond Fund had net outflows of $1.4 billion in November, the third-largest cash withdrawals since the "taper-tantrum" months of 2013, while flows increased into DoubleLine's low duration and unconstrained bond funds, the firm said Friday.
NEW YORK Investors pulled $4.1 billion from U.S.-based taxable-bond mutual funds, the most since June, as a bond selloff forced interest rates higher and rattled investors, Lipper data for the latest week showed on Thursday.
(This Nov. 30 story corrects the spelling of the band Little Feat in the second-to-last paragraph)
BOSTON Some big hedge funds got a bump in November after Donald Trump's surprise U.S. presidential election victory sent stocks higher, but lagged behind the broader market's gains, according to some early returns.
WASHINGTON/BEIJING The White House said on Monday it had sought to reassure China after President-elect Donald Trump's phone call with Taiwan's leader last week, which the Obama administration warned could undermine progress in relations with Beijing. | Video