Bloomberg News

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Stocks Tumble With Treasuries As Dollar Rallies On Fed Statement

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U.S. stocks and Treasuries slid while the dollar rallied as Federal Reserve Chairman Ben S...

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SEC’s Money-Fund Compromise Faces Opposition In Final Battle

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The mutual-fund industry, in what may be the last round of lobbying against tighter rules for money-market funds, rejected a scaled-back proposal to force only the riskiest funds to give up their...

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Obama To Outline Climate-Change Steps In ‘Weeks,’ Aide Says

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President Barack Obama will outline “commonsense” steps to tackle climate change in the weeks ahead, White House energy adviser Heather Zichal said, confirming what the president is telling...

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SEC Will Seek Admission Of Wrongdoing In More Cases, White Says

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The SEC will seek more admissions of wrongdoing from defendants as a condition of settling enforcement cases, the agency’s chairman said.

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Sudden Stock Crashes Mostly Show Human Error, SEC’s Berman Says

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Concern that American stock markets have become more susceptible to split-second crashes due to computerization isn’t supported by the data, an SEC official said.

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Swiss Magnate Builds Twombly, Picasso Collection, Gives It Away

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Zurich art collector Hubert Looser has devoted himself to charities ranging from combatting child poverty in Cambodia to fighting AIDS in Zimbabwe.

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Consumer Prices In U.S. Increased Less Than Forecast In May

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Paychecks fail to keep pace even as the cost of living in the U.S. rose less than forecast in May.

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Investors Switch Bonds For Stocks On Economy, BofA Survey Shows

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Investors cut bond holdings to a near two-year low and bought stocks, as expectations the Federal Reserve may remove monetary stimulus bolstered growth forecasts, a BofA survey showed.

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Millionaires In North America Regain Top Ranking

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North America reclaimed the top spot with the most millionaires last year as the world’s ultra-rich led the way in raising global wealth to a record high, according to a report by Cap Gemini SA and...

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U.S. Charges Loom For Swiss Banks As Lawmakers Reject Bill

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Swiss banks face the risk of further indictments for helping U.S. citizens evade taxes after Swiss lawmakers rejected a bill that would help resolve a tax dispute.

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