Pimco said on Friday Paul McCulley had stepped down as chief economist and as a managing director, a role he had assumed in May at the request of Bill Gross, who was the firm's chief investment officer at the time....
Germany and its allies turned up the pressure on Greece to accept their conditions to stay in the euro as the region’s top finance officials descended on Brussels to hammer out a deal. An agreement on extending Greece’s bailout program,...
Here comes “America Saves Week,” when consumers are deluged with surveys and advice about saving. And no one's going to argue that putting more money away—for a child’s education, for a comfortable retirement, for a rainy-day fund—isn't an important goal....
A report citing anonymous sources claims the tech giant is looking to build its first electric car within five years. Reports last week that Apple is secretly developing an electric car triggered a frenzy of speculation in the tech and auto industries....
Stocks were higher today after encouraging news from the eurozone. The S&P 500 closed at a record high. Eurozone GDP grew 0.3% in the fourth-quarter, above the 0.2% growth expected by economists. The outperformance was driven by an acceleration of...
As the job market gains steam, Federal Reserve Chair Janet Yellen faces a massive challenge to adjust her monetary levers just right: She wants to keep the recovery going without stoking a bubble or spurring inflation. It's a delicate balance...
Determining the value of your life can be an existential question worth exploring. For life insurance experts, however, determining a life’s value is as simple as figuring out how much money your loved ones will need after you die. Protecting...
Stocks rose in early trading today after an upbeat jobs report but then pared gains to end lower after S&P further downgraded Greece. The U.S. economy added 257,000 jobs in January, well above expectations. December and November’s jobs data was also revised...
Denmark’s central bank scrambled to defend its currency peg Thursday, cutting its benchmark interest rate for the fourth time in less than three weeks. The krone’s peg to the euro has been under strain since the European Central Bank announced...
Greek stocks and bonds took a beating Thursday after the European Central Bank fueled an increasingly tense standoff between the Greek government and its international creditors. Athens’ main stock index fell by as much as 9%in early trade before ending...
The tunes of Auld Lang Syce have faded into the distance and 2015 is here. Now is a great time to start the year on the right track. for most, the desire for a better financial life is often unrealized...
Russia’s central bank surprised financial markets with a two-point cut in its key interest rate Friday, sending the ruble lower even as the bank said the currency was showing signs of stabilization. The bank had come under heavy pressure from...
American consumers stepped on the gas in the fourth quarter, just as companies hit the brakes. The result was that while the world’s largest economy grew at a 2.6 percent annualized rate, the gain fell short of the median forecast...
Investors have a message for suffering U.S. oil drillers: We feel your pain. They’ve pumped more than $1.4 trillion into the oil and gas industry the past five years as oil prices averaged more than $91 a barrel. The cash...
Hedge funds are snapping up gold, pushing their net long positions to levels not seen for almost two years. Meanwhile, analysts are split over what 2015 will hold for the precious metal. Speculative investors bought gold for a fourth successive week...
