Federal Reserve Bank of St. Louis President James Bullard said he would back interest-rate reductions if the coronavirus develops into a worldwide pandemic, but last year’s cuts are already supporting the economy.
The spreading coronavirus epidemic is spooking investors out of equities but UBS Global Wealth Management is advising its high net-worth clients to use this as an opportunity to load up on Chinese shares.
Oil tumbled for a third session as panic over the spreading coronavirus gripped investors and sent shockwaves through commodity, equity and debt markets.
Gold rose toward $1,700 an ounce, extending its rally to the highest in more than seven years, as investors pile into haven assets amid mounting worries that the coronavirus could turn into a global pandemic.
U.S. stock indexes slid, with S&P 500 down 2.9% at 10:43 a.m. in New York, after a raft of new coronavirus cases in numerous countries outside China renewed concern about the ability of the illness to spread.
Small investors are back. In a big way.
Legendary investor Warren Buffett’s Berkshire Hathaway Inc. just gave its blessing to the $4.6 trillion exchange-traded fund market — at least in one of its pension plans.
[ad_within_article] Bloomberg – The bull market is minting plenty of 401(k) millionaires. The number of people with $1 million or more…
For a tiny South Korean hedge fund, the shock Oscar win of dark comedy “Parasite” couldn’t be better news.