Investors in stock mutual funds added modestly to their portfolios in January, reversing seven straight months of net redemptions.
President Obama today signed into law the $787 billion stimulus bill.
Iceland’s economic meltdown, fueled by its exposure to foreign debt, could bring the country to the brink of failure, according to research from Hennessee Group.
Institutional investor confidence worldwide increased 12.7 points to 72.9, from January’s level of 60.2.
Smith Barney has lost 15 advisers in the Baltimore area to Robert W. Baird & Co. Inc.
The SEC today charged that Allen Stanford and his financial companies also falsely promoted the Stanford Allocation Strategy fund mutual fund wrap program.
Poor performance by hedge funds has driven some brokerage firms to reduce services to the funds, including financing, the Wall Street Journal reported today.
American Funds Investment Co. filed last week with the Securities and Exchange Commission to create a new money market mutual fund.
Employers persuaded their employees to put their 401(k) investments in the stock market, but now they are trying to persuade them not to abandon their investments.
Americans’ confidence in their own financial security continues to drop, according to an index that showed a steady decline in people’s views over the past six months.
