Mutual funds are underweight the Magnificent Seven, said Ryan Hammond, vice president of Equity Strategy at Goldman Sachs, in a note. In the fourth quarter, large-cap mutual funds were 790 basis ...

Hobart and William Smith Colleges have received the largest gift in their history, a $70 million donation from Trustee Chair Emeritus L. Thomas Melly ’52, L.H.D. ’02, and Judith Hershey Melly L.H.D.

The Dow Jones Industrial Average and the S&P 500 continued to suffer losses at midday in the stock market today as UnitedHealth fell amid a Department of Justice probe. The Dow was 0.8% lower — a ...