New Hire Roundup: Altegris Names Jack Rivkin CIO
Meanwhile, Convergent welcomed Richard Wells and the Senate Finance Committee approved three nominees for federal positions.
Bernanke Talks and 10-Year Treasury Yield Zooms Past 2%
Bernanke admits that savers who rely on interest income from savings accounts or government bonds are receiving very low returns even as low interest rates have helped create jobs and support home prices.
PIMCO’s El-Erian: What Bernanke Really Meant
The Fed chief's comments on Thursday were carefully crafted so as not to rattle the markets, but PIMCO CEO Mohamed El-Erian took to the Huffington Post to deconstruct the true meaning behind the politico speak.
Bernanke Signals No Immediate Moves
Chairman Ben Bernanke said the Fed is prepared to take further steps to lift the U.S. economy if it weakens. But he didn't signal any imminent action in testimony before a congressional panel Thursday.
Bernanke on Occupy Wall Street Protesters: ‘Can’t Blame Them’
The Occupy Wall Street movement has some found legs, and Ben Bernanke, the Fed chief, seems to be at least a bit on the side of the protesters, as labor unions have now joined the demonstrations in New York.
Bernanke Warns Congress: Weak Recovery in Danger of Dying
Fed Chairman Ben Bernanke testified before the Joint Economic Committee on Tuesday, telling Congress the recovery isn’t what he hoped, and is now in danger of faltering.