U.S. and European stocks rose after data showed euro-area growth momentum is picking up. Oil jumped after OPEC reached an agreement to boost output.
Chalk one up for ETF managers that refuse to “pay-to-play.”
Angst over tariff tit-for-tats played out in exchange-traded funds as companies in the crosshairs lost cash and those regarded as havens attracted inflows.
BlackRock Inc. will shutter 16 exchange-traded funds in smart-beta and multifactor strategies a few months after introducing a lineup of artificial intelligence-driven products.
A top financial regulator has a warning for Wall Street after traders accused of lying about bond prices prevailed in some high-profile court battles against the government: No matter what the law says, misleading clients is never appropriate.
Fidelity Investments, which has been cutting prices to compete with low-cost rivals such as Vanguard Group and Charles Schwab Corp., is trimming fees on the target-date index funds it sells to retirement plans and rolling out new offerings that combine active and passive strategies.
Many are worried, yet few are prepared. Such is the oddity of investing in 2018, as the bull market staggers on despite cracks forming under the surface. Credit is exhibiting weakness, monetary conditions are tightening and sudden crashes are becoming the norm.
The soaring U.S. budget deficit at a time interest rates are increasing may be setting the stage for fiscal trouble, according to Jeffrey Gundlach, chief investment officer of DoubleLine Capital.