California Suspends ‘Business Relationships’ With Wells Fargo
California is the largest municipal-bond issuer in the U.S. and has $75 billion in investments.
Yellen Grilled About Fed Politics at House Hearing
Rep. Scott Garrett presses Yellen over a Fed Governor’s donation to Clinton campaign.
Top Portfolio Products: First Trust, Amplify and Van Eck Introduce ETFs
New ETFs include sector and dividend-paying stock funds as well as municipal bond funds.
Harvard’s Endowment Loses Nearly $2B in Latest Fiscal Year
The prestigious university just reported its worst performance for its endowment since 2009, with timber assets underperforming.
Fed Leaves Rates Unchanged as 3 Members Dissent
The Fed left rates steady, as expected, but it did suggest a rate hike before year-end, and three Fed members favored raising rates today.
DOL Fiduciary Rule Causes Pullback on Sale of Annuities, Funds by Insurers
State Farm Insurance says it will not accept liability on the future sale of annuities or mutual funds.
Goldman Picks a Side in One of the Fed's Most Contentious Debates
Economists try to get to the bottom of inflation's chicken-or-egg problem.
Active U.S. Equity Funds Bled Cash in August: Morningstar
Active U.S. equity funds continued to hemorrhage assets in August while their passive counterparts persisted in performing well.
Funds Dump Gold at Fastest Pace Since May as Fed View Shifts
Money managers cut bets on bullion rally by most since May as Fed officials prepare to release policy statement on Sept. 21.
Central Bank Meetings Could Bring 'Global Repricing' This Week: Citi
Expect a bumpy ride as global markets digest news from both a U.S. Fed Reserve and Bank of Japan gathering, according to one analyst.