The Kentucky Supreme Court on Thursday threw out a law aimed at addressing the state's cash-strapped retirement system because it was improperly passed by the Republican-controlled legislature.
Wall Street's main small-cap index drops into bear market
Wall Street's most widely followed benchmark of small-cap stocks tumbled into a bear market on Monday as investors grew more worried about slower profit growth and rising interest rates.
DoubleLine's Gundlach says U.S. equities are in long-term bear market
Jeffrey Gundlach, chief executive of DoubleLine Capital, on Monday said the S&P 500 stock index is headed to new lows and that U.S. equities are in a long-term bear market.
Top U.S. fund managers prepare for bear market in small company stocks
The shares of small companies in the U.S. fell into a bear market Monday, but several top-performing fund managers had already been acting as if it was inevitable.
Goldman, Morgan Stanley gain clout in Brazil as NY IPOs grow
Goldman Sachs Group Inc , Morgan Stanley and Bank of America Merrill Lynch are regaining clout in Latin America's largest economy as Brazilian companies opt to list shares in New York instead of on their local exchanges, Refinitiv data shows.
Hedge fund moves at short end of U.S. curve show Fed cuts not too far away: McGeever
The Federal Reserve will raise interest rates later this week and probably again early next year, but that will be the end of tightening cycle and it won't be long before rate cuts are on the table.
Investors sell record $39 billion of stocks in past week: BAML
Investors cashed out of equity funds at a record pace over the past week, with redemptions hitting $39 billion, Bank of America Merrill Lynch (BAML) said on Friday.
Former energy executive David Crane is on a mission to save the planet
What if one of the largest U.S. coal-burning utilities became a leader in green energy? When David W. Crane was chief executive of NRG Energy, he pursued that vision, pushing the company to transform itself by investing in solar power and electric vehicle charging networks.