The Federal Reserve plans to reinvest principal payments on its mortgage holdings into long-dated treasuries in an effort to revive the stuttering US economic recovery.
Warren Buffett's Berkshire Hathaway saw its second-quarter profit fall 40% as derivative bets on stock indexes declined during the global equity downturn.
Schroders head of global equities Virginie Maisonneuve believes the US economy is in a volatile state between weak macro data and strong corporate results.
Alan Greenspan, the former chairman of the Federal Reserve, believes the US economy still faces the threat of the dreaded double dip recession.
Robert Shiller, architect of the famous Shiller P/E ratio and co-developer of the Standard and Poor's S&P/Case-Shiller home price index, says there is a 50% likelihood of a US double dip.
The US Senate has approved the largest overhaul of financial regulation since the Great Depression, which is aimed at averting a repeat of the recent credit crisis.
Investment banking giant Goldman Sachs will pay a record $550m fine to settle the SEC's fraud probe into mortgage-backed securities.