Economy

Yellen: Fed rate rise likely this year

Yellen: Fed rate rise likely this year

The Federal Reserve “will probably raise interest rates sometime this year,” Federal Reserve Chairwoman Janet Yellen told a House panel Wednesday.

July 15, 2015 | 02:40 pm
China A-shares upheaval brings openings, headaches

China A-shares upheaval brings openings, headaches

The patchwork quilt of measures China's government has taken since late June to prop up the country's plunging A-shares market is presenting overseas investors with opportunities as well as reasons...

July 13, 2015
Yellen still sees slack in labor market

Yellen still sees slack in labor market

Was it a coincidence? The S&P 500 rose 1.2% on July 10 to 2,076. Federal Reserve Chairwoman Janet Yellen spoke about the economy and monetary policy the same day. Previously, I’ve observed that ...

July 13, 2015 | 03:43 pm
Managers watching Greek drama unfold

Managers watching Greek drama unfold

As crunch time looms for Greece and its future — be it in or out of the eurozone — money management executives will be closely watching the European equities, bonds and currency markets...

July 13, 2015
Map of eurozone government debt

Map of eurozone government debt

Take a look at how Greece’s debt level compares with the rest of the eurozone countries.

July 13, 2015 | 12:01 am
Economic growth projected to be slow in remainder of 2015

Economic growth projected to be slow in remainder of 2015

The U.S. economy is doing better after a sluggish first few months but the growth overall this year will only be modest, forecasters say.

July 13, 2015
Diversity, not fragmentation,  observers say

Diversity, not fragmentation, observers say

Money managers were able to trade normally during the July 8 shutdown of the New York Stock Exchange, as volume shifted to the 50 other U.S. equity trading venues until the NYSE was back online.

July 13, 2015
Managers push SEC for limits on brokers' maker-taker rebates

Managers push SEC for limits on brokers' maker-taker rebates

Money managers want the Securities and Exchange Commission to examine maker-taker rebates — to limit or eliminate them for all stock trades — claiming that the rebates spur broker-dealers ...

July 13, 2015
Shanghai market resumes plunge, dragging down other markets in the region

Shanghai market resumes plunge, dragging down other markets in the region

Shanghai stocks plunged 5.9% Wednesday, with concerns about the outlook for China's economy dragging down other markets in the region as well.

July 08, 2015 | 06:57 am
New York Stock Exchange resumes trading following nearly 4-hour halt

New York Stock Exchange resumes trading following nearly 4-hour halt

The New York Stock Exchange suspended all trading for nearly four hours Wednesday because of “a reported technical issue,” the exchange said in a statement on its website.

July 08, 2015 | 03:38 pm
Fed remains reluctant to raise rates, minutes show

Fed remains reluctant to raise rates, minutes show

Federal Open Market Committee members showed a somewhat optimistic note about the economy but continue to be reluctant about raising the federal funds rate, said minutes released Wednesday from the...

July 08, 2015 | 03:53 pm
Money managers, economists up odds on Grexit following referendum

Money managers, economists up odds on Grexit following referendum

Money managers and economists are increasingly convinced of a Greek exit from the eurozone, following a decision by the Greek people to reject a European Union-imposed austerity proposal.

July 06, 2015 | 01:25 pm
Pension funds, consultants not sounding alarm over Greek vote

Pension funds, consultants not sounding alarm over Greek vote

Pension funds and investment consultants are taking a measured approach following Sunday's Greek referendum vote against austerity plans.

July 06, 2015 | 03:33 pm
U.S. consumers still consuming

U.S. consumers still consuming

I have often said that betting against the U.S. consumer is usually a bad bet. When we are happy, we spend money. When we are depressed, we spend even more to release the dopamine in our brains'...

June 29, 2015 | 03:16 pm
Shanghai composite index plunges 7.4% as sentiment turns cautious

Shanghai composite index plunges 7.4% as sentiment turns cautious

The Shanghai Stock Exchange Composite index plunged 7.4% Friday to close at 4,192.8

June 26, 2015 | 06:00 am