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The biggest investment trend in the world is reshaping Wall Street

The rise of passive investing has fundamentally altered the business of Wall Street.It is changing money management, as dollars flow from actively managed funds to index-tracking funds. It has changed...

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LIVE: Jeff Gundlach's big webcast on the economy and markets (SPY, SPX, DJI,...

Jeff Gundlach, the CEO of DoubleLine Funds, is giving his big quarterly webcast on global markets and the economy titled "Turning Points."In June, Gundlach forecast that there would be a stock-market...

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Iran just tweaked the way it talks about the oil market

Iran gingerly offered some support for an oil production freeze earlier this week — without actually agreeing to join one.Since the lifting of sanctions, Iran has taken a hard stance against any...

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It's been a hot week for a key Wall Street business

It has been a big week for Wall Street dealmakers, with a flurry of high-profile mergers and acquisitions announced in the past 24 hours.There has now been more than $100 billion worth of deal activity...

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Meet the mysterious retail guru who just surpassed Bill Gates to become the...

Zara's mysterious founder, Amancio Ortega, just surpassed Bill Gates to become the richest man in the world. Shares of the Spanish retailer's parent company, Inditex, rose 2.5%. That boosted Ortega's...

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Here's who holds the world's $60 trillion in sovereign debt

The world's governments now have around $60 trillion in debt which is then sold to investors as bonds.So who owns this debt?In a note sent out to clients on Friday, Deutsche Bank chief global economist...

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15 cognitive biases that could keep you from building wealth

Building wealth isn't just about numbers.It's also about the mindset.Cognitive biases may convince us to spend more, save less, and feel more confident in our decisions than perhaps we should. And the...

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Canada's housing bubble is now a 'tale of 2 cities'

"It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness..."That's part of the opening line of Charles Dickens' oft-quoted but rarely read novel "A...

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Cadillac has redefined the luxury sedan with the new CT6 (GM)

The history of the premium sedan is one of national values on display.American four-doors were always supposed to be plush and easygoing, rolling living rooms. The Germans went for performance, in the...

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Ford is buying Y Combinator shuttle-van startup Chariot in an all-cash deal (F)

For over 100 years, Ford concentrated on building iconic cars and trucks. But under the leadership of CEO Mark Fields, on the job since 2014, the automaker is transforming into a company that isn't...

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What you need to know on Wall Street right now

Finance Insider is Business Insider's summary of the top stories of the past 24 hours.To sign up, scroll to the bottom of this page and click "Get updates in your inbox," or click here.The rise of...

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US oil-rig count climbs by 7, Baker Hughes says (USO, WTI, OIL, BHI, VDE)

The US oil-rig count climbed for a second-straight week, by seven to 414, according to driller Baker Hughes. The gas-rig count increased by four to 92. With miscellaneous rigs unchanged at two, the...

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GM is taking on Tesla’s Autopilot with a self-driving system that tracks your...

General Motors semi-autonomous driving system will have one high-tech feature that its competitors don’t: An eye-tracking system. The company plans to launch the system, called Super Cruise, on its...

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General Motors recalls 4.3 million vehicles for rare airbag defect (gm)

General Motors is recalling nearly 4.3 million vehicles worldwide for a software defect that can prevent airbags from deploying during a crash, the company announced Friday. The issue has been linked...

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The latest iPhones are very bad news for digital cameras (AAPL)

The latest iPhones are all about the cameras. Apple took plenty of time at its most recent product showcase to trump up its new shooters, particularly with regard to the dual cameras it’s put in the...

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The dollar is climbing

The dollar is climbing.The US dollar index is up by 0.4% at 95.42 as of 1:32 p.m. ET.Notably, US Treasurys are under significant pressure for a second consecutive day.Friday's selling has yields up 7...

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There's finally some action in the stock market again (SPY, SPX, DJI, IXIC)

The major stock-market averages are making their largest intra-day moves in months.They are lower on Friday, and the S&P 500 could break its long streak of quietness.The benchmark index has not...

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A financial planner shares a big misconception 20-somethings have about...

One of the best decisions you can make as a 20-something is to start saving money early and often. Because thanks to compound interest, you'll end up with more money than you put away when you're ready...

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The summer is over, complacency is dead, and markets are fun again

Global markets are great again!On Friday, after more than 40 straight days of the S&P 500 closing inside of a 1% range, markets are selling off as the meme of the summer dies a quick...

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Here's what the EpiPen maker says about why it won't just cut the drug's...

The pharmaceutical company in hot water over the price of the EpiPen just answered a major question on everyone's minds. Why doesn't it just cut the price?The EpiPen, a device used in emergencies to...

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