Financial Services

admin December 15, 2018

Getty Images Investors fled U.S. equity funds at the fastest pace on record in the week ended Wednesday, according to data from Lipper. More than $46 billion was redeemed from U.S. stock mutual funds and ETFs between Dec. 5 and 12, the largest weekly outflow since Lipper began tracking weekly flows in 1992. […]

admin December 14, 2018

As the pension burden plagues most states’ budget health, those perennially called out for fiscal issues have been tagged yet again — Illinois, Massachusetts, New Jersey and Pennsylvania, among them. These high-population pockets of the country are just part of the comprehensive 50 state budget report card being given an upgrade Wednesday by the Volcker […]

admin December 14, 2018

Monday, Dec. 17, will mark one year since the price of bitcoin — the best-known cryptocurrency — hit an all-time high just shy of $20,000. For bulls who bought the hype, it’s been a long — and painful — ride down. At the time, the digital currency was up more than 1,000% for 2017, both […]

admin December 14, 2018

Europe this year has suffered from a messy Brexit, sagging stock markets and trade conflicts with the U.S. Add to that list high-profile executives who were toppled by bad behavior and alleged financial improprieties. Sir Martin Sorrell, who founded and led London-based advertising giant WPP for three decades, stepped down amid allegations he used company […]

admin December 14, 2018

The stock market’s late-September peak looks disturbingly like the beginning of a bear market. That at least is the story being told by the U.S. market’s various sectors. Their relative returns during the third quarter of 2018 closely follow a pattern set prior to other bull market tops of the past 50 years. At its […]

admin December 14, 2018

Janet Yellen is worried about the next financial crisis and told a small, intimate audience at an event Wednesday night in Washington, D.C., that her biggest concerns were the potential for reversal of financial safeguards put in place after the crisis and growing corporate debt. “I am worried that we are in a deregulatory mode […]

admin December 13, 2018

Reuters House Ways and Means Committee Chairman Kevin Brady and House Speaker Paul Ryan oversaw the passage of a tax law that has increased the nation’s deficit. What’s the opposite of a holiday wishlist? It might be the Congressional Budget Office’s “options for reducing the deficit,” with the government budget agency on Thursday posting […]