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Sackler Family Received $12 Bln to $13 Bln From Opioid Maker Purdue Pharma

Members of the Sackler family received $12 billion to $13 billion in payments from Purdue Pharma based on court filings in the opioid maker’s bankruptcy case, according to a published report Friday. The estimate of how much the privately held company owned by the Sacklers sent to family members was contained in a deposition in

Business & Finance

Funds

Target-Date Funds May Fall Short for Retirement Savers

Target-date funds, or what some call TDFs, have become the investment of choice for many folks saving for retirement. You buy one fund that is aligned with your anticipated year of retirement and you don’t have to do much else. But one expert says TDFs, while good on paper, fall short of being the ideal

Bonds

2-year Treasury yield stages biggest one-day jump since February 2015

Treasury yields rose on Thursday after the U.S. and China agreed to meet in early October to renew trade talks, easing investors’ appetite for haven assets like government paper. Improving data on the jobs market and the services sector also helped market participants shake off fears that trade uncertainty would lead the U.S. to an

Commodities

Futures, Commodities, Markets, Commodity Futures Trading Commission, Oil

Trading Oil After Drone Strike Sends Prices Rocketing

Oil prices are erupting on Monday, following a drone strike in the Middle East over the weekend. It’s got light crude rallying 12.1% to $61.15 per barrel, while energy stocks charge higher as well. For instance, the SPDR Energy Sector ETF (XLE) is up about 3% to $62.90 in midday Monday trading, with many individual

Currencies

China’s Currency Slide Could Hit Soft Spot in Trump Economy: U.S. Manufacturing

China’s surprise move to lets its currency weaken past a key exchange rate of 7 per U.S. dollar could worsen an ongoing slowdown among U.S. manufacturers, hitting President Donald Trump’s economy in a sector known for its abundance of high-paying blue-collar jobs. A weaker yuan would make it harder for U.S. manufacturers to export products to the Asian nation while

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