The dollar fell against a basket of currencies Monday after comments from a senior Federal Reserve official reinforced expectations U.S. interest rates would stay low for some time.
Prediction: Over a 10-year period commencing Jan. 1, 2008, and ending Dec. 31, 2017, the S&P 500 will outperform a portfolio of funds of hedge funds, when performance is measured on a basis net of fees, costs, and expenses.
The dollar rose for a second straight session Friday as investors cut exposure to risky assets and high-yield currencies ahead of a holiday-shortened week in the United States.
Question: I'm 26 and want to set up a diversified portfolio for retirement. I'm almost totally invested in stocks, but I know that I should put some money into bonds. I really don't understand how they work, however, and I don't feel comfortable investing in something I don't understand. For example, I think I get the basic idea of a bond, but when I see bond yields fluctuate, I get confused. Aren't they supposed to have a consistent interest rate? --John, Portchester, New York
The dollar and the yen rose on Thursday as equity and commodity markets fell, encouraging investors to pare back exposure to risk and buy back the two low-yielders against perceived riskier currencies.
Gold rose to record highs above $1,150 an ounce on Wednesday as the dollar index languished, boosting interest in the metal as an alternative asset, after largely benign U.S. inflation data.
The dollar weakened broadly on Wednesday as dealers took profit on the currency's biggest rise in three weeks the previous session and pushed the euro back to the middle of its range of the last two weeks.
The dollar rebounded on Tuesday from Monday's 15-month lows after Federal Reserve Chairman Ben Bernanke made rare comments about the dollar, encouraging traders to trim longer-term bets against the currency.
Bond prices rose on Monday, sending 30-year bonds up a point, after data showed signs of weakness in underlying retail sales and regional manufacturing.
The dollar slipped on Monday as traders took a lack of agreement on currencies among Asian and U.S. leaders as a cue to sell the greenback, even as speculation of a near-term yuan appreciation cooled.
The dollar fell against a basket of currencies Monday after comments from a senior Federal Reserve official reinforced expectations U.S. interest rates would stay low for some time.
Prediction: Over a 10-year period commencing Jan. 1, 2008, and ending Dec. 31, 2017, the S&P 500 will outperform a portfolio of funds of hedge funds, when performance is measured on a basis net of fees, costs, and expenses.
The dollar rose for a second straight session Friday as investors cut exposure to risky assets and high-yield currencies ahead of a holiday-shortened week in the United States.
Question: I'm 26 and want to set up a diversified portfolio for retirement. I'm almost totally invested in stocks, but I know that I should put some money into bonds. I really don't understand how they work, however, and I don't feel comfortable investing in something I don't understand. For example, I think I get the basic idea of a bond, but when I see bond yields fluctuate, I get confused. Aren't they supposed to have a consistent interest rate? --John, Portchester, New York
The dollar and the yen rose on Thursday as equity and commodity markets fell, encouraging investors to pare back exposure to risk and buy back the two low-yielders against perceived riskier currencies.
Gold rose to record highs above $1,150 an ounce on Wednesday as the dollar index languished, boosting interest in the metal as an alternative asset, after largely benign U.S. inflation data.
The dollar weakened broadly on Wednesday as dealers took profit on the currency's biggest rise in three weeks the previous session and pushed the euro back to the middle of its range of the last two weeks.
The dollar rebounded on Tuesday from Monday's 15-month lows after Federal Reserve Chairman Ben Bernanke made rare comments about the dollar, encouraging traders to trim longer-term bets against the currency.
Bond prices rose on Monday, sending 30-year bonds up a point, after data showed signs of weakness in underlying retail sales and regional manufacturing.
The dollar slipped on Monday as traders took a lack of agreement on currencies among Asian and U.S. leaders as a cue to sell the greenback, even as speculation of a near-term yuan appreciation cooled.
General Motors Co. will announce Monday it plans to start repaying a $6.7 billion loan to the U.S. Treasury by year-end due to modest operating improvements, a source knowledgeable about the situation said.
Treasurys were mixed Friday as investors digested this week's record auctions and eyed gains in more risky markets.
Gold prices rose Friday to a record high, recovering from earlier losses, as the U.S. dollar weakened against rival currencies.
Treasurys were mixed Thursday, with the 10-year note edging lower following a $16 billion auction of 30-year bonds that was met with lackluster demand.
Gold fell Thursday, after climbing to a record high overnight, as the dollar rose against rival currencies and stock prices fell.
The dollar rose Thursday as ongoing concerns about the global economy boosted demand for the U.S. currency as a safe haven.
Gold jumped to an all-time high Wednesday as the dollar depreciated, fueling demand for the metal as a hedge against the anemic greenback.
The dollar recovered some ground against rival currencies Wednesday after falling to a 15-month low on strong economic data from China and signs that U.S. interest rates will remain low.
Oil rose modestly Wednesday, responding to a 15-month low in the dollar and robust Chinese demand growth and factory output.
If Burton Malkiel, author of the famous "A Random Walk Down Wall Street" and Princeton University economist, is right, the majority of U.S. investors aren't profiting enough from China's rapid growth.
Oil prices fell Tuesday as the dollar firmed and energy companies began restoring offshore operations disrupted by Tropical Storm Ida.
Treasurys were mixed Tuesday after the most recent auction in this week's record $81 billion offering of U.S. debt drew strong demand.
Here's the latest twist on the timeless chicken versus the egg debate. Which came first: the stock and commodities rally or the weaker dollar?
The dollar firmed Tuesday from the 15-month low touched in the prior session as investors saw Monday's fall as too far, too fast.
Gold rallied to a record high Monday as the dollar weakened against rival currencies.
Oil prices rallied Monday amid bets the dollar will continue to depreciate and lingering concerns that Tropical Storm Ida could disrupt production in the Gulf of Mexico.
Treasury prices mostly fell Monday, with the 10-year note holding modest gains, as the government prepares to sell $81 billion worth of debt this week and as stock markets advanced, undermining demand for safe haven assets.
The dollar fell broadly Monday, with the euro climbing above $1.50, after a report from the International Monetary Fund suggested the U.S. currency could fall further.
I don't know about you, but I don't have a spare $101,900 stuffed under my couch cushions to buy an "A" share of Warren Buffett's Berkshire Hathaway. I probably could scrounge together $3,395 for one "B" share, but I would rather not.
The U.S. dollar may come under renewed pressure from emerging market currencies and the euro after a meeting of the world's top finance officials failed to take concrete action on rebalancing global money flows.
The dollar and yen rose Friday after a report showed the U.S. unemployment rate spiked and the economy lost more jobs than expected, stoking concerns about the U.S. economy and restoring safe-haven demand for both currencies.
Stocks rallied Thursday, with the Dow industrials topping 10,000, after the government reported a bigger-than-expected drop in jobless claims, and a number of retailers reported improved October sales.
When the U.S. dollar gained ground on the Euro and other currencies last year, glossy travel magazines celebrated the affordability of once-pricey locales. Cheap lattes in Paris!
The dollar and the yen gained broadly Thursday as the euro and perceived higher risk currencies succumbed to profit-taking ahead of a policy decision by the European Central Bank.
The dollar fell Wednesday as a rally on Wall Street undermined demand for the greenback as a safe haven.
A recent report that Galleon investigators have subpoenaed a former SAC Capital Advisors employee shows that the scandal's tentacles are maybe reaching farther and farther.
Gold prices surged to a record high Tuesday after the International Monetary Fund said it had sold 200 metric tons of the precious metal to India's central bank.
The dollar rose against rival currencies Tuesday as weakness in global stock markets and concerns about the banking sector boosted demand for the greenback as a safe haven.
The dollar and yen fell Monday in volatile trading as steady stocks and data showing further evidence of an economic recovery around the world dampened safe-haven demand for the U.S. and Japanese currencies.
World stocks added to the previous week's losses on Monday, hugging one-month lows as investors pulled back from a more than seven month rally and prepared for the eventual withdrawal of stimulative monetary policy.
The dollar and yen rallied Friday as a sharp selloff in the stock market and uncertainty about the economy boosted safe-haven demand for the U.S. and Japanese currencies.
The government is finding no shortage of willing buyers for its debt as the shaky economy continues to spur demand for safe haven assets.
A growing number of Americans are becoming aware of the Federal Reserve System, what it is, how it has precipitated our financial crisis, and how it continues to pursue policies that delay economic recovery and weaken the dollar.
The dollar fell against the euro on Thursday, ending a four-day advance, after the U.S. economy grew more than expected in the third quarter, sending investors back into riskier assets.
Oil rose nearly $3 to top $80 a barrel Thursday after news that the U.S. economy returned to growth in the third quarter, reviving expectations of an increase in fuel consumption.
The dollar and yen gained Wednesday as concerns about a global economic recovery and steep losses in Wall Street stocks boosted safe-haven appeal.
Oil fell more than 2% Wednesday on worries about demand in the world's largest fuel consumer after data showed a surprise build in U.S. gasoline inventories and weak U.S. new home sales.
While there has been some excitement in the courtroom itself during the first few weeks of the federal criminal trial of Bear Stearns hedge fund managers Ralph Cioffi and Matthew Tannin, the real action in the trial so far seems to be taking place in and around a small bank in Florida that had nothing to do with the original conspiracy and the fraud charges filed against the two men in June 2008.
The dollar rose to a two-week high against the euro Tuesday after a report showing U.S. consumer confidence deteriorated sharply in October boosted the greenback's safe-haven appeal.
Did you make bubble-era investments that left you so far underwater you needed a submarine? If so, you've got company. Gather round, and I'll show you how some of the smartest and richest folks in America lost more than half a billion dollars by buying into the commercial real-estate bubble in the summer of 2007.
The U.S. dollar rose broadly Monday, rebounding from a 14-month low against the euro as falling stock and commodity prices prompted investors to lock in recent gains in other currencies.
Dole Food's initial public offering didn't go so well. The world's largest fresh fruit and vegetable company priced its deal below the anticipated offering range -- it then promptly wilted.
When last week the federal government arrested Raj Rajaratnam of the Galleon Group for masterminding a $25 million insider-trading ring, the biggest head-scratcher was the inclusion of Anil Kumar in the government's complaint.
Blue chips led a bigger stock market rally Thursday, as better-than-expected results from four components pushed the Dow industrials above 10,000 again and reassured investors about the ongoing corporate reporting period.
Stocks tumbled Wednesday afternoon, after influential analyst Richard X. Bove downgraded his rating on Wells Fargo, sparking a steep selloff in the banking sector.
Bond prices fell Wednesday after the Federal Reserve released its latest report showing signs of a stabilizing economy.
The dollar slumped Wednesday, with the euro rising above $1.50 for the first time in 14 months, as optimism about the global economic recovery boosted demand for higher yielding currencies.
The dollar rose against major rivals Tuesday after euro zone officials said they support a stronger greenback.
Oil prices are back around $80 a barrel for the first time in nearly a year. But is that good news or bad news for the economy? Let the debate begin.
Currency investors continue to remain concerned that the U.S. Federal Reserve will hold rates near zero and that the dollar could lose its place as the world's dominant reserve currency.
The $20 million insider-trading ring that the U.S. government alleges was masterminded by billionaire hedge-fund manager Raj Rajaratnam also included two former Bear Stearns hedge-fund managers. According to two federal complaints, two of Rajaratnam's partners in the alleged crimes were Mark Kurland, of Mount Kisco, N.Y., and Danielle Chiesi of New York City. Both Kurland, 60, and Chiesi, 43, were arrested last week, along with Rajaratnam, and charged with insider trading. Bail for Kurland was set at $3 million and for Chiesi at $2 million (Rajaratnam's was set at $100 million).
Galleon may have been holed below the waterline. The indictment of Raj Rajaratnam, the technology-focused hedge fund firm's founder, on insider trading charges is likely to scare investors away. Amid the shock and the intriguing details of the allegations, there's a broader lesson for investors about hedge fund governance.
You already know that to protect yourself against stock market meltdowns, you should devote more of your portfolio to bonds as you age. But as you may have discovered recently, the downside protection you get can vary dramatically depending on the type of bonds you own.
Stocks slumped Friday, at the end of an upbeat week on Wall Street, as a sour response to General Electric and Bank of America's quarterly results gave investors a reason to retreat.
Oil prices have vaulted above $78 a barrel this week as investors continue to fret about a weak dollar and the pace of the economic recovery.
Hedge funds are finally getting their heads above water. The average fund could soon regain the high water mark at which its manager starts minting performance fees again.
Question: My wife and I keep $20,000 in a passbook savings account as an emergency reserve. What's driving me crazy is that we're getting only 60 cents a month in interest. I like the security of the account and the immediate access, but 60 cents a month on 20 grand???? How can I do better? --Dale F., Waldorf, Maryland
The dollar was mixed against major rivals on Thursday following better-than-expected economic data about inflation and jobless claims.
The dollar continued its decline against rival currencies Tuesday, but managed to swing an intraday recovery as stocks seesawed.
Two former Bear Stearns hedge fund managers go to court Tuesday in the first, and so far only, prominent criminal trial stemming from the mortgage meltdown.
The dollar was mixed against its counterparts in a quiet-but-volatile trading day.
In a bit of pre-trial drama, federal prosecutors recently placed the digital diary of Matthew Tannin into the public record. In it, the Bear Stearns hedge fund manager fretted about becoming addicted to sleeping pills some six months before the funds he co-managed blew up in the summer of 2007.
It sounds like the plot of a bad spy novel.
A gleaming Manhattan skyscraper and a group of well-heeled stockbrokers were some of the coveted assets that JPMorgan Chase snatched up when it acquired Bear Stearns for $10-a-share in March 2008. But like the stick of dynamite that lies hidden in one of Wiley Coyote's birthday cakes, JPMorgan also took on the liability for all of Bear Stearns ongoing litigation as part of that merger. So when the criminal trial of Ralph Cioffi and Matthew Tannin, the managers of the two failed Bear Stearns hedge funds that sparked a market meltdown in 2007, begins next Tuesday, JPMorgan's interest in the case will be more than academic.
The dollar fell against its major rivals Thursday as investors flocked to higher yielding assets such as stocks and commodities on better-than-expected earnings results and jobs data.
Gold rallied to its third record high in a row Thursday as the dollar continues to deteriorate and investors remain concerned that a bout of inflation is on the horizon.
Despite all the finger-pointing over who's to blame for the worst financial crisis since the Great Depression, just two prominent players face criminal charges.
The dollar was mixed against its main trading partners Wednesday as a retreat on Wall Street boosted some demand for the greenback as a safe haven.
Treasurys held gains Wednesday after the most recent phase of this week's $78 billion offering of U.S. debt received above-average demand.
Wall Street rallied Tuesday, gaining for a second straight session as a weaker dollar boosted commodities and dollar-sensitive stocks, fostering a broad-based advance.
Gold surged to a record high Tuesday after a news report sparked widespread talk about the U.S. dollar being unseated as the currency for trading oil.
The dollar was mixed against its main trading partners Monday as stocks rebounded on a statement from the Group of Seven major economies.
Stocks rallied Monday, with the Dow, S&P 500 and Nasdaq all gaining at least 1%, as investors used a two-week selloff as an opportunity to jump back into the market.
Treasurys fell Monday after the government received strong demand for its sale of $7 billion worth of 10-year Treasury Inflation Protected Securities.
Oil topped $70 a barrel Monday, tracking an advance on Wall Street.
The much awaited trial of Ralph Cioffi and Matthew Tannin, the managers of two failed Bear Stearns hedge funds that sparked a market meltdown during the summer of 2007, looks like it will have a new twist when it gets underway on October 13. One of the defendants, Ralph Cioffi, made a lightening-fast trip to Florida last month allegedly to get his hands on a key piece of evidence -- documents from Busey Bank, in Ft. Myers, Fla. Was the hedge fund manager engaging in a cover-up, as the U.S. Attorney's Office in Brooklyn asserts? Or was Cioffi merely up to a bit of amateur detective work to exonerate himself, as his defense attorney claims?
Stocks took a beating Thursday and didn't recover much Friday following the news that the job market took another turn for the worse in September.
The dollar fell against the euro and the yen Wednesday despite downbeat economic data that sparked a selloff on Wall Street.
Stocks slipped Tuesday after a surprise drop in consumer confidence countered a better-than-expected housing market report. That added to lingering questions about the strength of an economic recovery.
Treasurys were mixed Tuesday, with the 30-year bond rising following a surprise drop in consumer confidence, while shorter-term debt was pressured by concerns about the Federal Reserve's interest rate policy.
At this time a year ago, short sellers were branded scapegoats by many who were not happy to watch the value of their stock portfolios rapidly dwindle away.
After a six-month hiatus of initial public offerings, the market looks to be heating up.
Stocks slumped Thursday, falling for the second straight session, as a surprise drop in existing home sales and tumbling commodity prices gave investors a reason to sell into a rally that pushed the major gauges to one-year highs.
The dollar hovered near a one-year low Wednesday after the Federal Reserve left a key interest rate unchanged near 0%, though it said "economic activity has picked up."
Question: I just heard that the federal government is no longer insuring money market accounts for their $1 per share value. Is that correct? --Terry, Las Vegas, Nevada
Stocks rallied Tuesday, finding momentum after a choppy morning, with the Dow, S&P 500 and Nasdaq all hitting one-year highs.
Wall Street stretched to new one-year highs Friday as investors weighed economic optimism with jitters about the pace of the rally amid the "quadruple witching," a big quarterly options expiration.
Investors readied for a moderately higher open on Wall Street Friday, as optimism about the economic recovery offset concerns about the recent surge in stocks.
Stocks ended modestly lower Thursday as investors struggled to balance hopes for an economic recovery with fears that equities have surged too far, too fast.
Oil prices fell slightly Thursday as stocks slipped, after gaining more than 5% earlier this week.
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