Sugar extended gains in New York on speculation investors have started buying futures after bearish bets reached a record and millers in leading producer Brazil directed more cane to making ethanol. Cocoa retreated.
Bernie Madoff is warning regular investors not to let Wall Street scam them like he did. His advice: Use index funds. In a recent interview with MarketWatch, Madoff was asked where the safest place is to invest money with the least amount of risk for fraud. His answer:
John C. Bogle, the founder of Vanguard Group Inc. who popularized index-based investing, said proposed rules for money-market mutual funds don’t go far enough to protect investors and the financial system.
Dell Inc. urged shareholders to vote for a $24.4 billion buyout by founder Michael Dell and Silver Lake Management LLC at meeting set for July 18, continuing to dismiss a rival proposal by billionaire Carl Icahn as inferior.
Sugar climbed to a one week-high in New York as rains are set to disrupt harvesting this week in Brazil, the world’s largest producer, just as speculators’ bets on lower prices reach a record. Cocoa advanced.
Averting a retirement crisis in the U.S. requires fresh thinking, not to mention political will. Ideas range from a restructuring of Social Security to beefing up employer-sponsored retirement plans to creating a new tier of mandated retirement accounts. Vanguard Group founder Jack Bogle, Senior Adviser to the Treasury Secretary Mark Iwry, former SEC Commissioner Harvey Pitt and others share their thoughts on what needs to be done.
People usually associate financial bubbles with greed and investors throwing caution to the wind. Seth Masters sees different dynamics behind a bubble today: fear and investors’ desire for safety. In his recent report, “Desperately Seeking Safety,” the chief investment officer of Bernstein Global Wealth Management argues that the asset classes investors now consider safe havens -- gold, bonds and dividend-paying stocks -- are dangerously overpriced.
Vanguard Group Inc., the largest U.S. mutual-fund provider, will drop MSCI Inc. as the benchmark provider for 22 index funds holding about $537 billion in assets, to cut costs for fund shareholders over time.