Finance News

Small Investors Blame Losses on Brokers They Once Trusted

Susan Bernardo trusted her stockbroker. She wound up losing a fortune.

How DIY Bond Traders Displaced Wall Street's Hot Shots

By Daniel Kruger and Liz McCormick |

The bond dealers who defined Wall Street success in the '80s, and who were immortalized by Tom Wolfe in his best-selling novel, "Bonfire of the Vanities," seem to be losing power by the day.

Carnival Earnings Beat Wall Street Estimates

Miami-based Carnival Corp. benefited from lower fuel costs and higher passenger spending.

Letter to Editor: New Reverse Mortgage Rules Protect Consumers

By Phil Stevenson |

A reverse mortgage can provide retirees with significant benefits, the ability to convert illiquid home equity into a different type of investment, says letter writer Phil Stevenson.

A History of Failure Hasn't Stopped Speculators From Trading This Note

Speculators are again piling into an exchange-traded note that lets them bet on how long days of calm will last in the U.S. stock market.

Puerto Rico Prepares for Luxury Shopping Amid Recession

A pair of nearly 5-inch black satin heels with a large gold alligator that serves as the front strap retails for almost $1,600 at the first Saks Fifth Avenue store to open in Puerto Rico, more than what the average person here earns in a month and where nearly half the population lives in poverty.

Jack Lew

Lew Warns Lawmakers Against Weakening Dodd-Frank, Risk Panel

U.S. Treasury Secretary Jacob J. Lew warned lawmakers against weakening financial rules adopted since the 2008 crisis, saying ordinary Americans and small businesses would suffer.

Tamarina Restaurant located at 600 Brickell Ave.

Power Lunch: At Tamarina, 'They're Doing Things Just Right' (Slideshow)

By Eleazar David Melendez |

The Tamarina restaurant in Miami's Brickell Financial District is a designer niche with Italian leanings.

The Lyric Theater

Will $2M in Grants to Two Politically Connected Organizations Bring Nightlife to Overtown?

By Eleazar David Melendez |

Miami's Southeast Overtown-Park West Community Redevelopment Agency is pushing a nighttime initiative with $2 million in grants to two organizations.

State Senate Tax Plan Held Up by Health Questions

By News Service of Florida |

The Senate has lined up a series of tax cuts that could top the House's freshly announced $690 million package.

Suspicion Surrounded Florida Businessman Who Faked His Death

Jose Lantigua, 62, and his 57-year-old wife, Daphne Simpson, are jailed on seven Florida insurance fraud charges each after he was arrested by federal agents Saturday in North Carolina wearing a brown toupee and a dyed beard.

Survey Suggests an Increase to CMBS Originations This Year

By Paul Bubny, |

SEC's Plan on Broker Rules Has Both Sides Cheering, Jockeying

When U.S. Securities and Exchange Commission Chairwoman Mary Jo White backed tighter rules for brokers last week, her words were greeted with cheers, oddly, by both supporters and opponents of the controversial plan.

Auto Theft Claim Ends Up Costing State Farm $546,000

By Samantha Joseph |

Auto insurer State Farm lost a 12-year fight after denying a $25,000 auto theft claim by a couple in Miami Gardens.