Sept. 14 (Bloomberg) -- Ariel Investments Charles Bobrinskoy talks about the impact on the markets of the Federal Reserve's decision to expand its holdings of long-term securities with open-ended purchases of $40 billion of mortgage debt a month. He speaks on Bloomberg Television's "Market Makers." (Source: Bloomberg)
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon and Goldman Sachs Group Inc. CEO Lloyd C. Blankfein predict Wall Street will rebound from 2011’s trading- revenue plunge. Rivals and analysts aren’t so sure.
Most U.S. stocks rose, erasing an earlier slump, as Egyptian President Hosni Mubarak ’s plan to delegate authority to his vice president spurred optimism the nation’s political crisis will not threaten the global economy.
Initial public offerings from U.S. companies backed by private-equity firms are losing money for investors for the first time in at least a decade, making them the worst performers in 2010’s IPO market.