Investment-research firm Morningstar recently bestowed an “Outstanding Portfolio Manager” award on Jerome Clark of T. Rowe Price, a pioneer in developing target funds for the Baltimore-based mutual fund giant. It was recognition for Clark himself, who along with his team members, launched T. Rowe’s first target-date funds in 2002, a …
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A sign informing shoppers that the shop is temporarily closed is displayed outside a John Lewis store in Oxford Street, central London on July 2, 2020. (Photo by Ben STANSALL / AFP) (Photo by BEN STANSALL/AFP via Getty Images) ben stansall/Agence France-Presse/Getty Images Between 450,000 and 500,000 people were furloughed …
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The average New Yorker is now getting their COVID-19 test results back in three days, Mayor Bill de Blasio said on Wednesday, as the city works against a national “logjam” in diagnostic testing. This week, test result time has started to “rapidly” decrease in New York City, de Blasio said, …
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Gold prices headed lower on Wednesday as global stocks rallied on optimism about the progress in finding a vaccine for the coronavirus. Better-than-expected quarterly results from U.S. corporations are also helping to diminish the traditional haven appeal for bullion, but a decline in the U.S. dollar limited declines in precious …
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A man wearing protective face mask walks past a closed Burberry shop in Regent Street in central London’s main high street retail shopping area on May 29, 2020 tolga akmen/Agence France-Presse/Getty Images Burberry Group PLC said Wednesday that comparable sales fell 45% in the first quarter of fiscal 2021, and …
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A big test for contrarian analysis is brewing in the gold pits. That’s because bullishness among gold market timers has rarely been higher than it is today. Since 2000, which is when I began tracking the average recommended exposure level among such timers, optimism about gold was higher on just …
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A painting by Bridget Riley valued at up to £1.2 million ($ 1.37 million) will kickoff a sale of British Airways’ corporate art collection as the struggling airline looks to raise cash amid an unprecedented global collapse in passenger demand caused by the coronavirus pandemic. Sotheby’s will offer 17 paintings, …
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This aerial file photo taken on January 2, 2017 shows a Chinese Navy formation, including the aircraft carrier Liaoning (C), during military drills in the South China Sea. str/Agence France-Presse/Getty Images BEIJING (AP) — China on Tuesday described a U.S. rejection of its maritime claims in the South China Sea …
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Tech’s Big Four CEOs should be nervous as they approach a virtual July 27 hearing before the House Judiciary Antitrust Subcommittee. So why aren’t they? Apple Inc.’s AAPL, -0.46% Tim Cook, Amazon.com Inc.’s AMZN, -3.00% Jeff Bezos, Facebook Inc.’s FB, -2.47% Mark Zuckerberg and Alphabet Inc.’s GOOGL, -1.74% GOOG, -1.97% …
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