Inflation expectations are picking up again, as a rebound in oil prices helps ease an early-year deflation scare.
Pimco’s flagship Total Return fund ceded its title as largest bond mutual fund to rival Vanguard Group, according to April data.
Bank of America said it will give shareholders the chance to vote on the board’s decision in October to give the chairmanship to CEO Brian Moynihan.
Hedge-fund manager David Einhorn took aim at the hard-hit hydraulic-fracturing industry, unveiling bearish views on companies such as Pioneer Natural Resources and Concho Resources.
Worries that regulators may take aim at U.K. insurer Prudential’s seemingly wildly profitable Asian business are overdone.
Bank of America’s decision to allow a shareholder vote on combining the chairman and CEO roles is a welcome sop to investors. But it doesn’t resolve bigger questions for the stock.
Comcast now has more broadband subscribers than video subscribers. And that isn’t a bad thing.
Norway’s sovereign-wealth fund has exited most of its holdings in pure-play coal mining companies, as lawmakers of the Scandinavian nation debate whether to restrict or even ban it from investing in certain fossil-fuel industries.
Banks in the U.S. are bracing for defaults on loans to the oil and gas sector amid low oil prices this year, according to a Federal Reserve survey.