The Latest: Leader of Remain campaign heads for exit
Former Treasury chief George Osborne, a leader of the losing campaign to keep Britain in the European Union, says he won't be a candidate in the June 8 elections
Donald Trump Announces Advisory Committee of Big-Name CEOs
Donald Trump has enlisted a number of top business leaders for an advisory committee in order to help "bring back jobs and Make America Great Again," according to a statement from his transition team. The group, called the President's Strategic and Policy Forum, will be headed up by Blackstone
Investing in the Habits of Old and Young
For decades, investors have been focused on companies that market intensively to the baby boom generation – people born in the nearly two decades after World War II. This kind of demographic investing, as it’s called, has become ingrained in the DNA of American markets. Just Google “baby boomer
How Investors Can Harness the Power of ETFs
Investors who wisely seek to avoid active management — where investors or the managers of mutual funds they own choose stocks for portfolios — have long turned to index funds because they remove this discretion and the risk it brings. These funds track indexes, such as the S&P 500. This form of
Yahoo Clash as CEO Mayer Dismisses Top Executive
Morning Money Memo… One hundred million dollars for failure. That may be the total payout to Henrique de Castro, the number two executive at Yahoo, who was brought in just 14 months ago to boost growth and digital advertising revenue. De Castro, the chief operating...
Obama's 2013 Cabinet: What to Expect
If President Obama wins a second term Tuesday, he will pivot almost immediately to shoring up his team of top aides and cabinet secretaries who will together tackle the looming fiscal cliff negotiations with Republicans, with a full legislative agenda to follow. Obama's senior staff and cabinet
CEO Pay Now 380 Times Average Worker's, Says AFL-CIO
Just when you thought executive compensation couldn't get much higher, the average CEO pay increased 14 percent to $12.9 million in 2011, 380 times that of the average worker, according to the AFL-CIO's annual Executive Paywatch report released on Thursday. The report, called CEO Pay and the 99% ,
Stocks End Best Q1 Since 1998
Go ahead and open that 401(k) statement. The first quarter was the best since 1998, with the Standard & Poor’s 500 up 12 percent since the start of the year. That’s quite a start for stocks after 2011, which saw most major indexes about flat...
Dodge & Cox Tops List of Best Mutual Funds
Morningstar is out with its latest ranking of the best and worst mutual fund families, with Dodge & Cox and T. Rowe Price ranking best and second-best, respectively, and Hartford, BlackRock and Alliance Bernstein hugging the bottom. Asked if anything in this year's rankings surprised him, Russel
Is the economy headed for a double-dip recession?
Is the economy heading towards a double-dip recession? The economic tea leaves are difficult to read, economists say. For every sign pointing to a slowdown, another indicates a pickup. Recent economic reports have shown weakness in everything from manufacturing to consumer spending. The government