* New platforms responding to regulatory changes* ERIC offers analysts to the highest bidder* Research budgets, spending set to shrink* Critics say small funds at a disadvantage* Advocates say too much research “mediocre”LONDON, June 5 (Reuters) – Scotland-based investment strategist Russell Napier gave up his high-powered finance job as a star analyst bankrolled by a big-name broker in order to […]
AP Photo/Lefteris PitarakisA British police officer stands guard backdropped by Chinese flags held by Chinese students, supporters of Chinese Prime Minister Li Keqiang, as they gather at a counter- demonstration against a protest against the leader across the street from Downing Street in central London, where he was meeting with British Prime Minister David Cameron at his official residence, Tuesday, […]
by Lars Kroijer, The CFA InstituteThe world equity portfolio is the most diversified equity portfolio available — or as I described it in my last post, “the cheapest, broadest, most tax-efficient index tracker of aggregate world equity markets” an investor can find.In order to get a sense of the overall benefits of diversification in a given domestic market, consider the following chart:Printer-friendly […]
NEW YORK (AP) — The stock market eked out another record close on Thursday as rising oil prices boosted energy stocks.Best Buy was among the biggest gainers after reporting earnings that exceeded the expectations of Wall Street analysts. Lumber Liquidators, a specialty retailer of hardwood flooring, plunged after its CEO abruptly quit the company.Stocks are trading at record levels, but […]
HONG KONG (AP) — Most Asian stock indexes rose Friday, with China’s benchmark at its highest in seven years, after Wall Street eked out another record close.KEEPING SCORE: Japan’s Nikkei 225 index edged 0.1 percent lower to 20,172.15 and South Korea’s Kospi rose 0.5 percent to 2,134.11. Hong Kong’s Hang Seng advanced 1.2 percent to 27,863.25. The Shanghai Composite Index […]
NEW YORK (AP) — The stock market slipped back from its latest record high in a listless day of trading Tuesday. Oil companies and drillers tugged major indexes down as the price of crude oil dropped for a fifth day straight.Wal-Mart Stores fell after reporting weak sales and a drop in quarterly earnings, a result of raises for workers and […]
Stox is an online broker that wants to make trading stocks less mystifying for new investors. The London-based company announced that it has raised an $8 million Series A round led by Singulariteam.The site is currently in beta in the U.K. and will launch in the U.S. later this year. Once it opens to the public, it will join a […]
U.S. stock indexes spent Friday mostly drifting between tiny gains and losses, but the small moves were enough to nudge the Standard & Poor’s 500 index to its second record high in two days.The Dow Jones industrial average also notched a gain for the second day in a row. The Nasdaq bucked the trend, closing slightly lower.Utilities stocks were among […]
Major stock indexes were heading for a higher close late Thursday afternoon, with the Standard & Poor’s 500 index on track for another all-time high. The market got a lift from new data indicating applications for unemployment aid fell last week. Technology and consumer staples stocks were among the biggest gainers.KEEPING SCORE: The Dow Jones industrial average rose 185 points, […]
A spike in long-term interest rates rattled investors Tuesday, nudging major U.S. stock indexes lower for the second day in a row.The market nearly clawed back all the way from an early slump that dragged the Dow Jones industrial average down as much as 180 points in the first half-hour of trading. The price of oil closed above $60 a […]
