Before you shed a tear for the poor masters of the universe, consider this: The top 25 hedge fund managers made a combined $11.6 billion last year, according to an annual ranking by Institutional Investor's Alpha.
U.S. stocks drifted lower in early trading Tuesday following two days of gains that brought the market close to a record high. KEEPING SCORE: The Standard & Poor's 500 was down seven points, or 0.4 percent, to 2,108 as of 10:03 a.m.
LOS ANGELES - Walt Disney Co. reported second-quarter profit that beat analysts' estimates, bolstered by improving results at its theme-park and merchandise units in a period that lacked a major movie blockbuster.
The U.S. non-manufacturing sector started the second quarter with some momentum, according to data released Tuesday by the Institute for Supply Management.
(Reuters) - U.S. stocks were lower in morning trading on Tuesday after the U.S. trade deficit surged in March, suggesting that economic growth contracted in the first quarter and negating the boost to energy stocks from the highest oil prices this year.