 | | | | Billionaire investor William Ackman, who has long worried about risks posed by the coronavirus, called on the Trump administration on Wednesday to seal off the country for 30 days and said stocks would "soar" if such restrictions were imposed. | | | | | | Lives are on hold all over the world as we distance ourselves socially to contain the coronavirus, but bills still pile up. | | | | | | A tiny mutual fund that invests in companies that produce products and services for parents is the only fund among the $4.3 trillion actively managed U.S. equity fund industry to post a positive return for the year to date through Monday, according to Morningstar data. | | | | | | A rush to sell global bonds in the past week has now rippled into the world of exchange-traded funds with some of the most actively traded seeing the most bulging gaps relative to the value of underlying holdings in years. | | | | | | Applications for unemployment insurance are skyrocketing across the United States. In Ohio, the number tripled from last week through Sunday, up to 12,000, according to the state's governor. Calls to the Unemployment Law Project of Washington State shot up 150% in the last week, according to executive director John Tirpak. | | | | | | Boaz Weinstein's main Saba Capital Management LP hedge fund reported a 33% gain in March through Friday amid coronavirus-led market turmoil, bringing its year to date gain to 67%, according to a note sent to clients seen by Reuters. | | | | | | George Curtis is facing a severe financial crisis. | | | | | | Bridgewater Associates LP, the Ray Dalio-led hedge fund giant famous for making money during the 2008 financial crisis, has posted mixed returns amid the coronavirus-led market turmoil, according to an investor with direct knowledge of the performance. | | | | | |
