NEW YORK: Investors looking for ways to protect themselves from a potential market downturn and rising inflation have been warming to utilities, sometimes seen as bond substitutes, as attractive alternatives. The S&P 500 utilities index has outperformed the broader market this month, rising 9.3 per cent so far compared with a 4.3 per cent gain … Read more
It’s rare that a herd of retail traders push back the stronger hedge funds. Synopsis In September 2020, activist investor and founder of online pet food portal Chewy, Ryan Cohen bought 13% in the company. The GameStop incident has caught the attention of markets, regulators and governments worldwide. It has been a classic financial power … Read more
NEW YORK: U.S. stocks closed 2020 on a strong note, and many investors are betting the party will continue after a tumultuous year that marked both the end of the longest bull market and the shortest-lived bear market ever. Risks abound, including a resurgent coronavirus pandemic, concerns about the speed of rollout of vaccines and … Read more
By David Randall NEW YORK: U.S. small caps joined in the broad market rally in the days after Election Day as investors priced in the likelihood of a divided Washington with Democrat Joe Biden president and Republicans maintaining their Senate majority. Yet some investors and analysts warned that smaller companies may lose steam as the … Read more
By Caroline Valetkevitch NEW YORK: While good business news has been in short supply, investors may take slight comfort in coming weeks from U.S. corporate earnings that are likely to be bad, but not as bad as they have been. Analysts expect third-quarter S&P 500 earnings to have fallen 21 per cent compared with the … Read more
NEW YORK: Has Wall Street missed the news that we are in a pandemic? The US economy remains battered by the coronavirus outbreak and Congress is deadlocked on another stimulus bill – yet the US stock market just hit a new record intraday high. While it may seem like investors have failed to factor in … Read more
The mistaken payment was first reported by LevFin Insights. By Katherine Doherty and Jenny Surane Even for Citigroup Inc., it was big money. On Wednesday, loan operations staff at the New York bank wired $900 million, seemingly on behalf of Revlon Inc., to lenders of the troubled cosmetics giant controlled by billionaire Ron Perelman. It … Read more
By April Joyner New York: Investors are preparing their portfolios for a potentially rocky patch in U.S. stocks, worried that a dramatic rebound in equities may stall amid dimming economic data and rising political uncertainty. Most money managers are wary of cutting equity exposure too drastically in a market that has rallied more than 40 … Read more
LONDON/NEW YORK: Financial markets‘ fear gauges are not flashing red at a time of serious global turmoil, stirring investor doubts over whether the indexes are mispricing current and future turbulence. Volatility gauges embedded in option markets are used by traders and investors to predict — or guess — market direction. They can also be useful … Read more
US stocks opened higher on Thursday after data pointed to a declining trend in weekly jobless claims, with investors also weighing the risk of another business shutdown as US COVID-19 cases soared. The Dow Jones Industrial Average rose 27.64 points, or 0.11 per cent, at the open to 26,094.92. The S&P 500 opened higher by … Read more