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69% Of U.S. Equity Funds Underperformed In 2018

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It was the fourth-worst year for U.S. equity managers since 2001, according to S&P data.

Princeton Economist Alan Krueger, Ex-Obama Aide, Dies At 58

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He was one of the profession's top experts on the labor market.

How To Use Muni Bonds For Tax-Loss Harvesting

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Municipal bonds can provide ammunition for offsetting capital gains liabilities, especially for wealthy clients.

Lyft Aims For Valuation Near $20 Billion In Biggest U.S. IPO

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The No. 2 U.S. ride-hailing giant is offering 30.8 million shares at $62 to $68 each.

WhiteBox Duo Sets Plan For New Event-Driven Distressed Fund

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Some of the biggest distressed-debt specialists have had a tough time showing a profit.

Hired-Gun CIOs To Thrive In Race For $1.7 Trillion From Pensions

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The institutions have turned to these hired guns at a pace that shows no signs of abating.

Rubicon To Shutter Flagship Hedge Fund After Two Decades

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Word of the move comes after the fund dropped 3.3 percent in January.

Bank Of America Honored For Gender Diversity Policies

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The percentage of women holding senior positions at the bank has been steadily rising.

Ethical Investing Has Never Been Cheaper

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Newer ETFs with this strategy now charge half the median fee.

Baby Boomers More Prepared For Dying Than Living

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Boomers are ignoring their long-term care needs, but they're champs when it comes to estate planning, a survey says.

Morgan Stanley Agrees To Sell A Feeder-Fund Business To iCapital

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ICapital has benefited from the willingness of Wall Street firms to outsource some tech functions cut costs.

The 1590 SAT Score Blues: College Scam Betrays American Strivers

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FBI says the rich bribe for admission, as masses toil quietly.

NYC Real Estate Brokers Call Pied-A-Terre Tax 'Class Warfare' On Rich

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The proposed tax would apply to properties above $5 million owned by non-residents.

Profit Pinch Worse Than It Looks With 40% Of S&P 500 In Decline

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Anxiety about income growth starred as a central villain in last quarter’s market meltdown.

As Fed's QE Era Ends, A New Trillion-Dollar Bond Dilemma Emerges

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The close of the quantitative-easing era could open another can of worms.

Younger Americans Struggle To Save

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One in five working Americans, or 21 percent, are struggling to save, according to a new Bankrate.com survey.

Shrinking Tax Refunds Cast A Shadow On Trump's Signature Law

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Fewer people are getting refunds this year and that’s causing angst for Republicans.

Budros, Ruhlin & Roe Names Co-CEOs

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The move was part of a reorganization of executive leadership.

Envestnet To Buy PIEtech, Developers Of MoneyGuidePro, For $500 Million

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The purchase positions Envestnet as a leader in financial planning software.

As U.S. Veers Toward `MMT-Lite,' Deutsche Bank Says Watch FX

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Deficits do matter, according to Deutsche Bank analysts, especially when it comes to currencies.

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