Markets


Markets

Fed Closes Chapter on Easy Money

Thu, 30 Oct 2014 00:00:05 EDT
The Federal Reserve said it would end its long-running bond-purchase program, concluding a historic experiment that stirred disagreement among policy makers, economists and investors about its impact even though the central bank said it helped accomplish its goal of reducing unemployment.

Bad Bets Rock Fortress's Macro Fund

Wed, 29 Oct 2014 19:49:45 EDT
A series of bad bets against U.S. government bonds and the Japanese yen, along with a wrong-way wager on Brazil, have caused losses this year at Fortress Investment’s macro hedge fund.

Debt Fuels Growth of Buyout Shops

Wed, 29 Oct 2014 19:52:57 EDT
The firms that pioneered the use of debt in corporate buyouts some 30 years ago are now selling bonds as they expand into lending, real estate and distressed-debt investing, among other new fields.

OPEC Chief Says Output Likely to Stay Unchanged

Wed, 29 Oct 2014 11:48:15 EDT
OPEC’s oil output is likely to remain around the same level next year as it has this, despite the recent sharp slide in global oil prices, its secretary-general said.