Investors bet emerging markets will weather coronavirus impact
Investors are edging back into emerging markets, even though worries about the coronavirus's impact on global economic growth have clouded prospects for the boom-and-bust asset class.
Investors are edging back into emerging markets, even though worries about the coronavirus's impact on global economic growth have clouded prospects for the boom-and-bust asset class.
"We're doing it for long-term growth and understanding the process and kind of seeing the future," NBA champion Andre Iguodala said of his investing strategy.
Over 100 million Americans received a tax refund in 2019, and a majority prefer the IRS payback rather than a bigger regular paycheck. Here's the right way to spend and save a refund.
Wall Street edged lower on Friday as uncertainties surrounding the coronavirus epidemic and downbeat economic data put a damper on investor sentiment.
Apple Inc said on Friday it would reopen one of the seven retail stores it has in Shanghai from Feb. 15 with reduced working hours, a day after the iPhone maker said a few retail stores in Beijing would start functioning from Feb. 14.
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Oil prices rose over 1% on Friday, posting their first weekly gain since early January as investors bet the economic impact of the coronavirus would be short-lived and hoped for further Chinese central bank stimulus to tackle any slowdown.
Investors are edging back into emerging markets, even though worries about the coronavirus' impact on global economic growth have clouded prospects for the boom-and-bust asset class.
Billionaire Ray Dalio's Bridgewater Associates, Viking Global Investors, and Granite Point Capital were among prominent hedge funds placing new bets on electric carmaker Tesla Inc in the fourth quarter, positioning them to gain from its nearly 100% rally over the first six weeks of the year.
Luxury department store operator Saks Fifth Avenue, owned by Canada's Hudson's Bay Co , is expanding into bankrupt fashion chain Barneys' Beverly Hills shop, people familiar with the matter said on Friday.
Major world stock indexes edged lower on Friday as investors further assessed the economic fallout of China's coronavirus outbreak, while oil prices registered their first weekly gain since early January.
American Airlines Group Inc and United Airlines Holdings Inc are pushing back the return of Boeing 737 MAX flights until August and September, respectively, a fresh delay that comes after sources told Reuters that the timing of a key certification flight may not occur until at least April.
The S&P 500 ended modestly higher on Friday following strong earnings from Nvidia and a report late in the session that the White House was considering a tax incentive for Americans to buy stocks.
Citigroup Inc said on Friday its Chief Executive Michael Corbat will $24 million as total compensation for 2019, unchanged from 2018.
Over 100 million Americans received a tax refund in 2019, and a majority prefer the IRS payback rather than a bigger regular paycheck. Here's the right way to spend and save a refund.