Small business hires dropped in June, but employees saw wages rise, Paychex survey shows

Small business hiring fell in June for the fourth-straight month, but wages rose, a report by human resources firm Paychex said Wednesday. The Small Business Jobs Index decreased 0.24 percent to 100.10 in June, its lowest level since late 2011. National hourly...

Exchange-traded funds now account for more than a third of US ownership of the S&P 500: BofA/Merrill Lynch

Higher single-stock volatility, valuation distortions and liquidity concerns could grow due to the surge in popularity of exchange-traded funds (ETFs), which now account for more than a third of U.S. ownership of the S&P 500, Bank of America/Merrill Lynch...