Pressure for President Barack Obama to approve the Keystone XL pipeline increased on Friday after a State Department report played down the impact it would have on climate change, irking environmentalists and delighting the project’s proponents. The agency made no recommendation on whether Obama should grant or deny an application by TransCanada Corp to build […]

The catalysts that drove the Dow and the S&P 500 to their worst monthly performances since May 2012 have not gone away. “When you look at the alternatives, fixed income continues to look risky, and cash doesn’t help you,” he said.