News

Traders pulling out of bets that interest rates will hold at historically low levels have sent the yield on the benchmark 10-year Treasury bond soaring. A rout in fixed-income securities that started in Europe last week has spread to the […]

Recent hires show that many companies are looking for CFOs who have worked in financial services, and investment banking in particular. Executives with experience in investment banking are often adept at successfully deploying capital, said Bryan Proctor of Korn/Ferry International.

After a U.S. April employment report last week that was cause for relief but not jubilation, markets will be watching this week’s retail sales figures for further clues to the true state of the economy. Analysts say the second quarter […]

Employers added 223,000 jobs last month, and the unemployment rate declined to 5.4%, data show. April’s jobs report is stronger than the surprisingly weak one for March, when the economy added the fewest jobs since December 2013.

The U.S. trade deficit shot up to $51.4 billion in March, the biggest shortfall in more than six years, suggesting that the economy contracted in the first quarter. The government’s preliminary estimate last week that the economy expanded 0.2% in […]

After two years of investors pulling out money from the PIMCO Total Return Fund, which was created by Bill Gross, Pacific Investment Management’s flagship fund has lost its position as the world’s biggest bond fund. Its assets have fallen to […]

The average 401(k) balance reached $91,800 in the first quarter, a 0.5% increase from Q4 and 3.6% higher on a year-over-year basis, according to Fidelity. Average IRA balances also rose. More consumers are saving for retirement, and some are raising […]

More than half of global employers are planning to boost contributions to workers’ 401(k) plans, and 14% say they plan to raise them dramatically, according to a survey by Vanguard.

The Federal Reserve scaled back its view of prospects for the U.S. economy and labor market and said it would have to see more encouraging data before it considers raising interest rates. Meanwhile, the Commerce Department said economic expansion dropped […]