Friday 21 December 2018

Bridgewater's Jensen forecasts 'near-recession-level growth' in 2019

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Bridgewater's Jensen forecasts 'near-recession-level growth' in 2019

Greg Jensen, co-chief investment officer of Bridgewater Associates, the largest hedge fund in the world, is forecasting "significantly weaker, near-recession-level growth" next year.

U.S. stock funds set for record monthly withdrawals: Lipper

Investors fled U.S.-based stock funds in the latest week, setting those investments up for their biggest month of withdrawals on record, Lipper data showed on Thursday.

The push to improve working conditions for U.S. caregivers

Ai-jen Poo wants to transform caregiving into real work.

American Eagle gold, silver coin demand reaches 11-year lows

In a sign of precious metals demand, sales of U.S. Mint American Eagle gold and silver coins are closing out their weakest year since 2007, as investors favored higher-yielding assets, despite volatility in global stock and bond markets late in the year.

ETFs, major supporter of U.S. stock market, stop buying the dip

There is no more mistletoe hanging above the markets.

FINRA fines Merrill Lynch $5.5 million for improper IPO share sale

A U.S. financial regulator on Thursday fined security brokerage Merrill Lynch, a unit of Bank of America, $5.5 million for improperly selling shares in initial public offerings (IPOs) to industry insiders.

Spooked global funds drive up cash and bond holdings

Spooked by another worldwide stocks selloff, global investors have piled up cash to a more than two-year high this month, hoovered up bonds and cut back property holdings.

U.S. fund investors withdraw most cash in three years: ICI

U.S. fund investors stripped the most cash from U.S.-based mutual funds in more than three years in the latest week, Investment Company Institute (ICI) data showed on Wednesday, as concern mounted about interest rates and economic growth.

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