Quarterly results from four of the largest U.S. banks on Tuesday showed that American consumers are helping to prop up the economy, even as recession fears have led businesses to pull back on spending and borrowing.
Global banks earned $1 billion from trading government-backed U.S. mortgage securities in the first half of 2019, data shows, a fivefold increase on last year for what industry sources say is the fastest growing revenue source in investment banking.
Fidelity Investments criticized money manager Kenneth Fisher on Tuesday over what it called inappropriate remarks he made at an investment conference last week, saying it was reviewing the $500 million Fisher's firm manages for the mutual fund giant.
Amazon.com Inc's cloud computing arm is making an aggressive push into one of the most sensitive technology sectors: U.S. elections.
The price of WeWork's U.S. junk bond fell to an all-time low on Tuesday, last trading at 78 cents on the dollar, as the company weighed financing options including a package that may include at least $2 billion of unsecured notes with a 15% coupon.
China's Huawei may be facing closer official scrutiny in Europe amid U.S. allegations that it poses a security threat, but mobile operators in the region are still queuing up to buy its gear for their next-generation 5G networks.
Warren Buffett's Berkshire Hathaway Inc is seeking permission from the Federal Reserve to boost its stake in Bank of America Corp above the 10% level, Bloomberg reported on Tuesday.
| Funds | News |
|---|
Disclaimer
Funds are ranked in order of their 3 Year Total Return Annualized Performance (Daily)
Duplicate funds have been removed so not show multiple share classes, so funds with the highest total net assets are ranked.
Data provided by Lipper
About Lipper Ratings - Lipper Ratings for Total Return reflect funds' historical total return performance relative to peers. Lipper Ratings DO NOT take into account the effects of sales charges. Overall Lipper Ratings are based on an equal-weighted average of percentile ranks for each measure over 3-, 5-, and 10-year periods (if applicable).
| S&P » | 2,996.13 | +1.01% |
| Dow » | 27,027.78 | +0.90% |
| FTSE 100 » | 7,211.64 | -0.03% |
| Nikkei 225 » | 22,207.21 | +1.87% |
| US 10YR |
+1.768
|
+0.015 |
| DE 10YR |
-0.405
|
+0.019 |
| JP 10YR |
-0.169
|
+0.000 |
| USD / EUR » | 0.9062 | -0.04% |
| USD / GBP » | 0.7821 | -1.37% |
| USD / JPY » | 108.8600 | +0.44% |