U.S. government debt to keep top rating, Moody’s says
Moody’s Investors Service said the sovereign debt of the
Money flows back into ETFs, equity mutual funds
In a welcome reversal for fund managers, investors started putting money back into exchange-traded funds and equity mutual funds last month, Financial Research Corp. said. Those classes of funds posted net outflows in March.
Survey: More than 90% see
The recession in the
Feldstein expects “sustainable recovery” next year
The U.S. might have to wait until 2010 for “a sustainable recovery,” said Martin Feldstein, a member of President Barack Obama’s Economic Recovery Advisory Board. “We may see some positive growth in the second quarter, but it will not be the beginning of a sustainable recovery,” he said. “When we look at [the third quarter] and [the fourth quarter], what we still see is weak exports and consumers raising their savings rate.” Read the rest of this entry »
About 10 stress-tested banks reportedly need more capital
Although the exact number is being debated, about 10 of the 19 banks involved in the
Banks, regulators in tense discussions over test results
Executives from the 19 largest banks in the