On Wall Street, municipal-bond underwriters are winding down a record-setting year on a quiet note.
A measure of prices paid by U.S. consumers was unchanged in October, missing forecasts that called for a modest gain and indicating scant inflation as the pandemic drags on.
Credit Suisse Group AG is closing down funds and laying off employees at its alternative asset management business after several of the strategies struggled to perform in the volatility caused by the Covid-19 pandemic.
Fund managers overseeing $593 billion were bracing for extreme market turbulence as they expect the result of the November U.S. election to be contested even as the Democratic nominee Joe Biden holds a comfortable lead over President Donald Trump.
President Donald Trump’s decision to halt coronavirus stimulus talks with Congress means America’s pandemic-stricken municipal governments aren’t likely to get any financial help soon, virtually ensuring additional rounds of spending cuts, layoffs and tax increases that will deal a fresh hit to any economic recovery.
Stocks slumped to a two-month low amid growing concern over tighter coronavirus restrictions and as a report detailed suspicious transactions at global banks. Treasuries and the dollar climbed.
Will Danoff has been wondering why billions of dollars keep flowing out of the Contrafund, the giant mutual fund he manages at Fidelity Investments. Performance isn’t the problem. He’s up 21% this year, trouncing the S&P 500’s 6.2% return. His conclusion: Today’s kids want something sexier.
Traders professing bafflement over recent ominous moves in volatility indexes got some clarity on Thursday.
A group of multimillionaire investors in the U.S. are hoarding cash at unprecedented levels.
Valuations aren’t actually that elevated. It’s “melt-up” time. Equity laggards are about to have their moment. These are just some of the reasons why bulls say U.S. shares will defy doomsayers and go higher.