More Americans purchased homes in December, yet total sales slipped in 2014 as first-time buyers struggled to find houses. The National Association of Realtors said Friday that sales of existing homes rose 2.4 percent last month to a seasonally adjusted...
For the municipal bond industry, 2015 marks the midpoint in what may turn out to be the decade of the bankruptcy. onwallstreet
...A ranking of America's top jobs found that financial advice increasingly is a terrific profession, moving up 16 spots on the U.S. News and World Report list from last year. “Financial adviser” ranked No. 25 of the 100 Best Jobs...
Paying for retirement is a daunting prospect for many workers who are now approaching the end of their careers. Longer life spans, money lost in the stock market plunge and fears about the efficacy of Social Security are enough to...
Santa Claus Came to Town, Early… It’s hard to believe another quarter is now in the books, let alone another year. The year in the US ended on a relatively strong note, with the Dow and S&P 500 reaching new...
WHEN does the level of debt in an economy become “too much”? It is a very hard question to answer, not least because debt is a highly useful tool, allowing business to invest for the future and consumers to smooth...
IF A large factory opens in the next six months, it is a safe bet that Britain’s most powerful politicians will be on hand to celebrate the fact. With a general election looming in May, and with the economy top...
The U.S. concluded its best year of job growth in 15 years as the unemployment rate fell to a postrecession low last month, signs of strength that mask continued challenges of stagnant wages and a stubbornly high number of Americans...
After six straight months of plunging oil prices, U.S. shale drillers have sent the clearest signal to date that they’re retreating. Thirty-five horizontal rigs, their weapon of choice for reaching oil deposits in tight-rock formations such as North Dakota’s Bakken...
A mixed December jobs report likely keeps the Federal Reserve on course to remain patient about raising short-term interest rates, meaning no action at least until April and probably longer. Payroll employment growth has clearly picked up and the jobless...
Even as unemployment keeps falling, wages just aren’t picking up. With nobody confidently able to explain why, the Federal Reserve should have the confidence to take it slow on raising rates. The U.S. added 252,000 jobs in December, the Labor...
Believing as I do in the sage advice of Mr. Graham, I recently set out to quantify my growing unease with the heights obtained by the bull market of the last five-plus years. As you read below, please realize that...
Pacific Investment Management Co.’s biggest mutual fund suffered about $19.4 billion in withdrawals in December, the 20th straight month of redemptions, capping a year that included the surprise departures of Bill Gross and Mohamed El-Erian. Redemptions from the Pimco Total Return Fund (PTTRX) in...
European government bond prices surged to highs after weak manufacturing data reinforced hopes that the European Central Bank will expand its asset-purchase program to include government debt early this year. The yield on the 10-year German bund sank below 0.5%...
The U.S. economy enters 2015 with the strongest momentum in at least a decade and as the fittest of all the industrialized nations. The question is whether that muscle can help yank the rest of the world out of its...
