The credit market is pricing in an overly dour assessment of the U.S. economy, according to Goldman Sachs Group Inc., a mistake that could prove profitable for buyers.
Janet Yellen will leave expectations for a December interest-rate rise in place when she speaks publicly twice this week while drawing attention to what will happen to policy after liftoff.
Passive investing popularized by Vanguard has removed a chunk of Wall Street's revenue.
"It was for us a bad decision," the CEO of the nation's largest health insurer said.
An upcoming iPhone feature, which will let users send money to friends, is expected to be an unprofitable way to boost adoption of Apple Pay.
Michael Platt, who runs the $8 billion BlueCrest Capital Management, will return all client money and instead focus on managing his own wealth and that of his partners and employees.
Morgan Stanley, the investment bank that saw bond-trading revenue plunge 42 percent in the third quarter, is planning a significant reduction in its fixed-income staff, say sources.
A company strategist is warning asset managers that the efficient frontier -- the mix of stocks, bonds and other instruments that produces the best risk-adjusted return -- is about to collapse.
Even in post-Soviet Uzbekistan, an ancient crossroads where torture and bribery allegations are endemic, Gulnara Karimova, the president’s Harvard-educated daughter, stood out for her ruthlessness.
How much does the head of the company that unearthed the second-biggest ever diamond want for the gem? More than $60 million, that’s all he’ll say.