Money Headlines

Democratic lawmakers seek swaps data from JPMorgan, other banks


WASHINGTON - Two U.S. Democratic lawmakers on Thursday asked giant banks including JPMorgan Chase & Co to explain how they will manage swaps trading activities after lawmakers weakened rules for those operations at the end of 2014.

Exclusive: Ackman poised to win Zoetis board seats - sources


BOSTON - Hedge fund Pershing Square Capital Management is pressing for seats on animal health company Zoetis Inc's board of directors, with an eye to pushing through cost cuts and a possible merger, according to sources familiar with the negotiations.

1:14pm EST

Fed could wait until September to lift rates: BlackRock


NEW YORK - The U.S. Federal Reserve could wait until September to raise interest rates as it sees risk of further decline in inflation and slowing global growth, a top bond investor at the world's biggest asset manager said on Thursday.

10:51am EST

Pimco expands dividend offerings with launch of two new funds

NEW YORK - Bond giant Pimco on Thursday launched two dividend funds designed to invest in regional stocks that potentially offer attractive yields, growing dividends and long-term capital appreciation.

10:55am EST

Bill Gross says slow unwind of zero rates will support U.S. stocks, bonds


NEW YORK - Bill Gross, the closely watched bond investor, on Thursday said the Federal Reserve will begin to raise U.S. interest rates slowly this year to normalize distortions in the financial markets but that bonds and equities won't be vulnerable to huge sell-offs.  

8:54am EST

College is not just for the young

CHICAGO - Stanford University welcomed 25 unusual students onto its campus this month - all in their 50s and 60s.

12:30pm EST

U.S. enlarges T-bill offering sizes


NEW YORK - The U.S. Treasury Department said on Thursday it will sell $26 billion of three-month bills on Monday, raising the weekly auction size of this debt maturity for the first time in half a year.

12:52pm EST

Wed, Jan 28 2015

Bill Gross on CNBC says Fed will raise rates by 0.25 percent in symbolic move


- Bill Gross of Janus Capital said on CNBC on Wednesday that he thinks the Federal Reserve will raise interest rates by 25 basis points around June in what he characterizes as a symbolic move.

28 Jan 2015

Exclusive: Two executives leave Fortress after losses in macro fund

LONDON/BOSTON - Two executives at hedge fund Fortress Investment Group are leaving the firm after its macro fund suffered heavy losses in the wake of the recent currency market upheaval, three sources familiar with the moves said.

28 Jan 2015

Super Bill: Weighing the cost of a Super Bowl trip


NEW YORK - How much is it worth to watch the Super Bowl in person?

28 Jan 2015

Key retirements mean a changing of the guard next year in U.S. Congress

Regardless what voters decide in the November elections, there will be a major changing of the guard next year in the U.S. Congress as result of a number of key retirements.