U.S. Stocks Fluctuate With Treasuries on Fed Comments; Oil Drops
U.S. stocks fell as the Fed said valuations for smaller companies in social media and biotech appear “substantially stretched.”
China’s Economy ‘Not Going Over a Cliff,’ JPMorgan Says
Its GDP growth is slowing to 7.5% from a 10-year average of 9.9%, according to a JPMorgan portfolio manager.
Fed Says Economy Has Picked Up as It Trims Bond Buying Further
The Federal Reserve said the economy is gaining momentum as consumers spend more, and said it would continue to trim the pace of bond purchases.
New Hire Roundup: BrightScope Names Riggio Its First Chief Revenue Officer
Also, Pacific Life announced changes in its sales organization, and Edmond Markel joined Hennion & Walsh.
Fed Changes Interest Rate Policy, Linking to Wider Data Range
The Fed gave itself room to keep interest rates low by dropping a linkage between the benchmark interest rate and a specific level of unemployment.
Fed Links Rate Outlook to Range of Data; Drops 6.5% Jobless Threshold
FOMC said ‘highly accommodative stance of monetary policy remains appropriate’ before its first meeting led by Janet Yellen.
Yellen: Fed May Pause Tapering if Weakness Persists; Can’t Regulate Bitcoin
Yellen told Congress that the Fed would assess whether the “unseasonably” cold weather has caused the recent uptick in “soft data.”
Buckingham, Saut, Stovall Share 2014 Stock Picks
The year ahead should be a healthy one for stocks, five top equity strategists told ThinkAdvisor.
13 Best & Worst Broker-Dealers: Q3 Earnings, 2013
Some of the largest companies turn in unexpectedly weak results, with one BD reporting its first loss under its star CEO.
China’s Q3 GDP Surprise Leaves Investors Bullish
Most agree that the higher-than-forecasted 7.8% GDP for the third quarter is an aberration, but some investors are still bullish on the world’s second-largest economy.