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10 richest members of Congress

The 10 wealthiest members of Congress in 2012 include Senate and House members hailing from all over the US. Can you guess which political party had the most lawmakers on the list – and who grabbed the top spot?

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The Reformed Broker Tug-of-war breaks out between private investors, hedge funds

While private clients and institutions are adding to stocks, hedge funds are becoming net sellers, pitching the two groups against each other in a stock market tug-of-war, Brown says. What effect will the opposition between the two groups have on the market in the long run? Brown breaks down the Bank of America Merill Lynch's latest equity flow report.
Do young people believe in stocks?

Millennials are more cautious about investing in the market than their parents. But they are also more knowledgeable about what to do with their money.
Unemployment rate drops to 7.7 percent. How real is job-market progress?

Unemployment is at its lowest level since the end of 2008. But the improvement stemmed from mixed reasons: more people hired, but also fewer people looking for work.
'Sequester' watch: Will US spending cuts really cost 750,000 jobs?

Critics say President Obama is spinning the likely impact of 'sequester' cuts to pressure Republicans to replace them, but private-sector forecasts suggest that a loss of 750,000 jobs may not be far off.
Sequester fight: what investors are missing

The stock market is taking the sequester in stride so far. But investors shouldn't be too complacent about the impact of federal spending cuts.
Stocks up as Dow closes at year high

Stocks gained on impressive results from two big consumer brands Tuesday, and the Dow closed at its highest level of the year. Beauty products maker Avon saw a 20 percent gain in its stock price.
Will investors ride bull market?

Though stocks soared in 2012, investors stayed on sidelines. Will the bull market of early 2013 lure them back into stocks?
White House opts not to create a Death Star. But a ‘magic coin’?

A number of fanciful ideas on economic policy have been floated in recent weeks. The so-called Death Star idea, officially rejected, was a stimulus plan. The 'magic coin' plot is meant to sidestep a showdown with Congress over the national debt ceiling. Seriously?
Stocks rise; S&P 500 just below 5-year high

Stocks rose on Wall Street Friday, but the Standard & Poor's 500 index fell just shy its five-year high. Boeing stock fell after the FAA announced a comprehensive review of Boeing's 787 after a fire and a fuel leak earlier this week.
IMF arrives in Egypt in effort to head off currency crisis

Leading bank HSBC said that a $4.8 billion International Monetary Fund loan is 'the only thing' preventing Egypt from a currency crisis brought on by post-revolution political upheaval.
Japanese firms set spending record in buying up foreign assets

Japanese corporations will have spent more on foreign companies than they did at the height of the '80s. But few heads are turning, showing how much has changed in perceptions of Japan.
Obama talks 'fiscal cliff.' Why the urgency to reach deal sooner, not later?

Speed is of the essence in dealing with the fiscal cliff, some economists warn. Delaying until late this year – or worse, 2013 – would mean a bigger hit to the US economy, and even a recession.
10 richest members of Congress

The 10 wealthiest members of Congress in 2012 include Senate and House members hailing from all over the US. Can you guess which political party had the most lawmakers on the list – and who grabbed the top spot?
Google's big miss highlights Wall Street's big worry (+video)

Google isn't the only company reporting disappointing revenues. So far this earnings season, most companies have exceeded profits expectations, but only 42 percent have beaten revenue forecasts.
Stocks stumble towards end of solid 3Q

Stocks fell Friday in all industry groups in the S&P 500 except utilities. The biggest losses were in telecommunications and information technology stocks. But the big indices are still up 4 percent or more for three months.
BofA pays $2.43B in Merrill-Lynch lawsuit

Bank of America says it has agreed to pay $2.43 billion to settle a class-action lawsuit related to its acquisition of Merrill Lynch. Investors that bought or held Bank of America stock when the company announced its plans to buy Merrill Lynch claim that the bank made misleading statements about both companies' financial health.
Horizons Facebook stock in May? $38. Now? $18.

Facebook stock hit a new low this week. Will it rebound?
The Reformed Broker Hot new trading trend: European stocks

Typically, Europe doesn't get a lot of love from Wall Street. But more and more, traders are beginning to go after quality Euro stocks.
The Reformed Broker Want to be a financial adviser? Read this first.

Wall Street firms don't train their young workers, they massacre them.
The Reformed Broker Rise of the robots: The man versus machine advisor debate

When it comes to investing, a new article written by Nick Shalek claims that software is better than 99 percent of humans when it comes to financial advising. His post has spread around the industry like wildfire, with wildly mixed reviews.
The Reformed Broker Fund managers show trend toward the risk-averse

The June Survey of Fund Managers has been released by Bank of America Merrill Lynch, and it shows some classic late-stage downtrend behavior, as well as a new emphasis toward strongly risk-averse behavior.
Leftist Greek leader ready to walk away from EU bailout deal

Alexis Tsipras has the presidential mandate to end the Greek political impasse by forming a governing coalition by Thursday.
Opening day for Occupy Wall Street: Act 2

Occupy Wall Street protesters plan demonstrations in more than 100 cities, hoping to rekindle the movement after months in relative hibernation.
Oil prices back up over $103 a barrel

Oil prices in Europe edged up in trading in anticipation of talks with Iran over its nuclear program. Oil prices peaked at $110 last month.
Stocks' worst day in 2012: Dow loses 213

The Dow slipped 213 to 12715, its biggest drop of the year and third triple digit loss in four days.