Getty Images Market dislocations triggered by the coronavirus crisis have sent more capital into Chinese stocks — and some strategists see this as part of a longer-term trend. “We’re finding that a lot of foreign managers globally (are) reshuffling their holdings in this turmoil,” Todd Willits, head of flow tracking firm EPFR, said in a phone interview in late April.
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Pedestrians pass in front of a Macy’s Inc. store in the Midtown neighborhood of New York, U.S., on Friday, March 20, 2020. Gabby Jones | Bloomberg | Getty Images The coronavirus pandemic is sure to leave many lasting effects on the retail industry, including bankruptcies, store closures and layoffs. It could also mean a healthy
Federal Reserve Chairman Jerome Powell said Wednesday that policymakers may have to use additional weapons to pull the country out of an economic mire that has cost at least 20 million jobs and caused “a level of pain that is hard to capture in words.” While he did not specify what those measures are and
Easing coronavirus restrictions and reopening the economy too quickly could lead to a “vicious cycle” of economic and health disasters, the World Health Organization warned Wednesday. “This is what we all fear, is a vicious cycle of public health disaster followed by economic disaster followed by public health disaster followed by economic disaster,” Dr. Mike
Even as it has pulled out all the policy stops during the coronavirus crisis, Federal Reserve Chairman Jerome Powell said one area it won’t be going is negative interest rates. “I know there are fans of the policy, but for now it’s not something that we’re considering,” the central bank leader said Wednesday. “We think
A researcher of the Openlab genetic and cell technologies laboratory of the Kazan Federal University working with biomaterial. Yegor Aleyev | TASS via Getty Images Health officials and scientists across the world are racing to develop vaccines and discover effective treatments against the coronavirus, which has infected more than 4.2 million people worldwide in as
U.S. President Donald Trump speaks during a press briefing in the Rose Garden of the White House in Washington, D.C., on Monday, May 11, 2020. Oliver Contreras | Sipa | Bloomberg via Getty Images President Donald Trump pointed the finger at wealthy investors for supposedly manipulating the stock market by making strong statements. In a
U.S. shoppers are making more trips to the dollar store. They’re stocking up with items from stores’ private label brands more than usual and cutting back on snacks and sodas at convenience stores. Those emerging data points, captured by market research firm IRI in recent weeks, may preview the next wave of grocery shopping during
seksan Mongkhonkhamsao Mobile payment apps like PayPal and Venmo could expose consumers to coronavirus-related scams, according to AARP, an advocacy group for older Americans. Peer-to-peer payment platforms, which allow for the digital transfer of money from one user to another, have risen in popularity, especially among younger adults. These programs — other examples include Zelle,
Rick Bright, deputy assistant secretary for preparedness and response for Health and Human Services (HHS), speaks during a House Oversight and Investigations Subcommittee hearing in Washington, D.C., on Thursday, March 8, 2018. Toya Sarno Jordan | Bloomberg via Getty Images Covid-19 has the potential to eclipse the 1918 flu pandemic that killed more than 50
David Tepper David Orrell | CNBC Billionaire investor David Tepper said the stock market is one of the most overpriced he’s ever seen, only behind 1999. Before Wednesday’s sell-off, it was “maybe the second-most overvalued stock market I’ve even seen,” Tepper said Wednesday on CNBC’s “Halftime Report.” “I would say ’99 was more overvalued.” “The market is