Feeds
The stock market ended up going nowhere in 2011 despite a bumpy ride, and investors continued to hit the exits. For the fifth year running, they withdrew more cash from stock mutual funds than they put in.
Cost-conscious investors will soon have a new offering to consider for their portfolios: an ETF version of PIMCO Total Return, the world's largest mutual fund, run by star manager Bill Gross.
John C. Bogle counted himself among the 1 percent of wealthiest Americans a couple decades ago. You might not guess that today, when you hear the 82-year-old founder of mutual fund company Vanguard rail against economic inequality.
America's biggest corporations rewarded shareholders by spending more money on stock repurchases for the ninth consecutive quarter, to the point that it could significantly pad companies' fourth-quarter per-share earnings, Standard & Poor's said on Wednesday.
Investors pulled cash out of stock mutual funds for the seventh month in a row, as the European debt crisis continued to drive U.S. market volatility in November.
Workers continued to stash more money in their 401(k) plans in the third quarter, but the stock market's sharp decline only left them further behind in reaching their savings goals.
Surging stock prices in October weren't enough to entice mutual fund investors back into the market. Instead, bonds continued to hold appeal.
The two best-known stock market indexes will be jointly owned under a new venture between the companies that operate the Standard & Poor's 500 and the Dow Jones industrial average.
The two best-known stock market indexes will be jointly owned under a venture between the companies that operate the Dow Jones industrial average and the Standard & Poor's 500.
Mutual fund investors retreated from stocks in September as the market continued to decline, capping the biggest quarterly withdrawal from stock funds since the financial crisis in late 2008.
Vanguard on Friday announced strategic and management changes at six of its mutual funds.
America's biggest corporations rewarded shareholders by spending more money on stock repurchases for the eighth consecutive quarter.
America's biggest corporations continue to spend more money on stock repurchases, with buybacks up 41 percent in the second quarter compared with a year ago.
Investors sought refuge from the market's volatility in August, withdrawing money from stock mutual funds and bond funds alike. The retreat from stock funds was unusually heavy for the third consecutive month, marking a renewed aversion to risk.
Hurricane Irene is providing a painful reminder that the vast majority of homeowners insurance policies do not cover damage from flooding.
Hurricane Irene is bearing down on the East Coast. In its path are cities that haven't taken direct hits from a hurricane in years, and in some cases decades.
Allstate Corp. is suing Goldman Sachs Group Inc. claiming the broker fraudulently sold it more than $123 million in mortgage-backed securities in 2006 and 2007, before the housing market collapse sent the investments' value plunging.
The nation's top credit card companies on Monday reported mixed progress in reducing the rate at which customers default on their accounts. Higher monthly default rates at Bank of America and Citigroup offset improvements for most other major card issuers.
Average investors are frustrated that the U.S. government is no longer among the world's most creditworthy, and fear Monday's stock plunge may not be the end.
This week's debt-ceiling drama and disappointing economic news have sent investors heading to the exits, not just from stocks, but bonds as well. It's true for virtually anything with a hint of risk.
What relief rally? Hope that the stock market would surge on news of Washington's debt ceiling deal has given way to pessimism. Increasingly defensive-minded investors are adapting to the reality that the economic recovery is stalling, if not ending.
Billionaire investor George Soros is closing his nearly $26 billion hedge fund to outside investors so that it will be managed solely for the Soros family, according to a letter obtained by The Associated Press on Tuesday.
Mutual fund investors last month made their biggest retreat from stocks since the bull market began more than two years ago.
Investors last month withdrew $2.7 billion more than they deposited into stock mutual funds in May, snapping a four-month string of net deposits that began in January, Strategic Insight said on Monday.
Investors familiar with Morningstar's 5-star system for rating mutual funds will soon see ratings based on an "AAA" scale as well.
Log In | Register
