DoubleLine Capital LP’s Jeffrey Gundlach said the psychology in bond markets may have changed after the U.S. Federal Reserve unexpectedly maintained the pace of monthly bond purchases, sending yields lower.
Potash Corp. of Saskatchewan Inc. Chief Executive Officer Bill Doyle said rival potash producer OAO Uralkali’s decision to boost sales volumes at the expense of prices has been self-destructive after the price of the commodity slumped and customers deferred purchases.
On June 27, 1848, Daniel Drew found himself in court over insider trading. Not because it was illegal; there was no law against it at the time. Rather, his partners had sued him because he hadn't divided the profits fairly.
European stocks posted the biggest weekly gain in five months as investors speculated the region’s central bank will cut rates and as companies from BASF SE to Standard Life Plc reported better-than-expected results.
A failure by President Barack Obama and U.S. lawmakers to reach an accord raising the debt ceiling and cutting the budget deficit may fuel a short-term rise in the dollar as investors seek safety, according to Citigroup Inc.