Economy

BATS Global Markets hires new president

Chris Concannon was named president of BATS Global Markets, effective Dec. 15.

November 04, 2014 | 12:16 pm
SEC releases tick size pilot program plan for comment

SEC releases tick size pilot program plan for comment

The SEC late Monday released for public comment its plan to do a one-year pilot program to widen minimum tick sizes for small-cap stocks.

November 04, 2014 | 12:06 pm

Bank of Japan expands QE program in surprise move

Bank of Japan announced an expansion of its quantitative and qualitative easing program, shocking the currency markets and bolstering stocks.

October 31, 2014 | 11:19 am
Fed stops bond buying, stays with federal funds rate near zero

Fed stops bond buying, stays with federal funds rate near zero

The Federal Open Market Committee’s bond-buying program will end this week, members announced Wednesday at the end of a two-day meeting, citing “substantial improvement” in the...

October 29, 2014 | 03:32 pm
Home price growth slows in August

Home price growth slows in August

The S&P/Case-Shiller 10-City Composite Home Price index rose 5.5% on a year-over-year basis through August. The 20-city composite rose 5.6% over the same period. Both indexes were down from the 6.7%...

October 28, 2014 | 04:13 pm

ETP traders not responding to exchange overtures

All too often, exchange-traded products are described as mutual funds that trade like stocks. A closer look reveals that not to be the case. To the surprise of many, ETP traders are comfortable in...

October 27, 2014

Money managers tame their expectations on the economy, survey shows

More money managers are adopting a moderate outlook on U.S. economic growth, a quarterly survey by Northern Trust shows.

October 16, 2014 | 04:13 pm
IACPM: Credit default concerns rising outside North America

IACPM: Credit default concerns rising outside North America

Credit portfolio managers are concerned about credit defaults potentially rising over the next 12 months, but see credit spreads remaining steady over the next three months, said a survey from the...

October 16, 2014 | 08:00 am
Long bond yield continues to slide

Long bond yield continues to slide

The yield on 30-year U.S. Treasuries continued to slide Wednesday, hitting an intraday low of 2.67% (a level not seen since August 2012) before rebounding to 2.84%.

October 15, 2014 | 03:07 pm

French academic awarded Nobel prize in economics

Jean Tirole, a French academic, was named winner of the Nobel prize in economics for his pioneering analysis of regulatory intervention in markets dominated by a few companies, work that includes...

October 13, 2014 | 03:57 pm
GARP managers hold firm on EAFE portfolios despite losses

GARP managers hold firm on EAFE portfolios despite losses

Some global growth-at-a-reasonable price money managers are coping with client losses stemming from underperforming Europe, Australasia and Far East strategies.

October 13, 2014
Gross: 8%-9% returns 'going to be difficult to achieve' for pension funds

Gross: 8%-9% returns 'going to be difficult to achieve' for pension funds

William H. Gross on Thursday said investors need to say “bye-bye” to the days of historically high returns, and target returns of as much as 9% for pension funds are “going to be...

October 09, 2014 | 03:40 pm

Fed sees pickup in economic growth

Members of the Federal Open Market Committee expect faster economic growth in the second half of 2014 and in 2015 under current monetary policy, according to minutes from the September meeting that...

October 08, 2014 | 03:21 pm
Appetite for yield is driving demand for real estate, say panelists

Appetite for yield is driving demand for real estate, say panelists

The hunt for yield is driving global investors' interest in adding real estate to their portfolios and creating selling opportunities for holders of core property portfolios, said speakers at the...

October 07, 2014 | 10:02 am
 Draghi says ECB will purchase assets for at least two years

Draghi says ECB will purchase assets for at least two years

The European Central Bank will buy assets for at least two years to boost inflation and economic growth in the eurozone.

October 02, 2014 | 10:32 am