Underperformance is ‘abysmal’ in the long run for active fund managers

The S&P 500 may be trading around 2022 lows, but a new report finds active managers are having their best year since 2009. The numbers suggest they still have a long way to go, though. S&P Global recently published its Mid-Year 2022 SPIVA US Scorecard, which measures how well US actively managed funds perform against … Read more

Charts suggest it’s ‘way too early’ for the market to rebound

CNBC’s Jim Cramer on Friday warned investors that the stock market is unlikely to recover anytime soon. “The charts, as interpreted by Mark Sebastian … suggest that this market’s got more downside, and it’s way too early to go really bullish,” he said. related investing news Chart analysts say the breakdown in Apple’s stock may … Read more

Carnival shares fall on ballooning costs, dragging cruise stocks lower

The brand new Carnival Cruise Line ship Mardi Gras, docked at Port Canaveral, Florida, on July 30, 2021. Joe Burbank | Orlando Sentinel | Tribune News Service | Getty Images Shares of Carnival fell below their pandemic lows Friday after the cruising company posted third-quarter earnings that revealed higher costs associated with inflation, supply chain … Read more

Fed Vice Chair Brainard warns against retreating from inflation fight prematurely

US Federal Reserve board member Lael Brainard speaks after she was nominated by US President Joe Biden to serve as vice chair of the Federal Reserve, in the Eisenhower Executive Office Building’s South Court Auditorium at the White House in Washington, US, November 22, 2021. Kevin Lamarque | Reuters Federal Reserve Vice Chair Lael Brainard … Read more

Stocks close out tough quarter on economic fears

LONDON European markets advanced on Friday, gaining some respite from a torrid week as the third quarter drew to a close. The pan-European Stoxx 600 added 1% in early trade, with oil and gas stocks climbing 2.2% to lead gains as all sectors and major bourses entered positive territory. Global stocks struggled in recent sessions … Read more

Is the UK now a buy? Analysts weigh in after market meltdown

A security guard stands outside the London Stock Exchange building on December 29, 2020. Tolga Akmen | AFP via Getty Images UK bond markets and the pound went into freefall this week as investors balked at the new government’s fiscal policy announcements, and some analysts believe opportunities are arising. The Bank of England on Wednesday … Read more

Stock futures are lower following Thursday’s broad sell-off

Stock futures were lower on Friday morning following a sharp sell-off that brought the S&P 500 to a new 2022 low. Futures tied to the S&P 500 were down 0.25%. Dow Jones Industrial Average futures lost 0.36% or 106 points. Nasdaq 100 futures were 0.26% lower. The 2022 sell-off resumed in full force during regular … Read more

Asia stocks fall after Wall Street slump; China PMI beats estimates

Japan movers: Softbank, Nintendo, Toyota fall Apple suppliers in Asia fall after analyst downgrade China reports better-than-expected factory activity for September China’s official manufacturing Purchasing Managers’ Index surprisingly grew in September to 50.1, much higher than the 49.6 predicted by analysts in a Reuters poll. The 50-point mark separates growth from contraction. PMI prints compare … Read more

Stock futures are up slightly following Thursday’s broad sell-off

Stock futures were up slightly Thursday evening following a sharp sell-off that brought the S&P 500 to a new 2022 low. Futures for the S&P 500 were up 0.26%. The Dow Jones Industrial Average futures were up 0.17%. Nasdaq 100 futures were up 0.14%. The 2022 sell-off resumed in full force during regular trading on … Read more

Apple sparks tech sell-off; Alphabet, Microsoft hit 52-week lows

Apple CEO Tim Cook speaks at an Apple special event at Apple Park in Cupertino, California on September 7, 2022. – Apple is expected to unveil the new iPhone 14. (Photo by Brittany Hosea-Small / AFP) (Photo by BRITTANY HOSEA- SMALL/AFP via Getty Images) Brittany Hosea-small | Afp | Getty Images Shares of large technology … Read more