Getty Images Shares of cannabis companies tumbled Wednesday, as investor disappointment that a Democratic sweep failed to materialize offset a boost from referendum wins in a number states. The ETFMG Alternative Harvest exchange-traded fund MJ, -2.91% dropped 2.6% in morning trading, while the Cannabis ETF THCX, -2.41% slid 3.3%. Among …
Read More »Asia Markets: Asian markets rise as investors await results of U.S. election
A pedestrian walks past an electronic board displaying the Nikkei 225 index on the Tokyo Stock Exchange in Tokyo on Wednesday. AFP/Getty Images Asian markets were mixed in early trading Wednesday, as investors weighed the results of the U.S. presidential election. Japan’s Nikkei 225 NIK, +1.71% rose 1.9% and South …
Read More »Market Extra: Dow futures rise nearly 200 points Tuesday evening after big regular-session rally on Election Day
U.S. stock-market futures on Tuesday evening tilted higher after a big rally in the regular session and as the votes of hundreds of millions of Americans were being tallied in the crucial election between President Donald Trump and former Vice President Joe Biden. Stock investors are betting that a decisive …
Read More »: Investors sought different bond exposure and made a mini value rotation, October fund flow data shows
SAN ANSELMO, CA – AUGUST 29: In this Photo Illustration, Twenty dollar bills sit in a wallet on August 29, 2017 in San Anselmo, California. The dollar fell to a two and a half year low to 91.77 Tuesday following the latest missile launch by North Korea. The U.S. dollar …
Read More »The Moneyist: I’m 41. My fiancé is 61. I’m worth $1.3M. He’s worth $250K. He won’t marry if I insist on a prenup. How can I protect my assets?
Dear Moneyist, I am 41 and my fiancé is 61. I am worth $ 1.3 million. I have 1.1M cash in my business, and $ 200,000 on my house equity and personal checking. My career is booming. In 2015, I made $ 70,000, and so far this year I have …
Read More »Earnings Watch: Uber will take a financial hit no matter what California voters decide
Uber is scheduled to report third-quarter earnings Thursday. AFP via Getty Images When Uber Technologies Inc. reports financial results two days after Election Day, it may not know the fate of its business in its home state, but its bottom line will be affected either way. Uber UBER, +4.19%, ride-hailing …
Read More »: ETFs still aren’t active enough… but they’re getting there
iStockphoto One simple statistic goes a long way toward summing up the state of play in actively-managed exchange-traded funds: the share of all ETFs run by active managers has increased a whopping 50% over the past 12 months: to 3%, according to data from CFRA/Frist Bridge, from 2% last year. …
Read More »The Number One: He’s outperformed all other hedge funds so far this year, but now he’s got most of his portfolio in cash
Chinese education stocks have paid off big for QQQ Capital. Getty Images Just a few years ago, Qian Yongqiang was running his own money. Now, after riding a wave of big wins in the stock market, his explosive hedge-fund finds itself on the top of the world and sitting on …
Read More »Key Words: ‘We’re in for a whole lot of hurt,’ Fauci says, warning U.S. needs ‘abrupt change’ to avoid winter coronavirus disaster
Dr. Anthony Fauci testifies on Capitol Hill on Sept. 23. Getty Images “ “We’re in for a whole lot of hurt. It’s not a good situation.” ” That’s Dr. Anthony Fauci, giving a stark warning that the coronavirus pandemic could get much worse in the coming months, in an interview …
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