Bloomberg

Bloomberg
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BlackRock strategists cool on credit
FIXED INCOME SEP 09, 2020
BlackRock strategists cool on credit

The firm's research arm sees investment-bond bonds hampered by frothy valuations and rising interest-rate risk, but are somewhat bullish on junk-rated debt

Gundlach says high-yield bond defaults may almost double
FIXED INCOME SEP 09, 2020
Gundlach says high-yield bond defaults may almost double

The fund manager criticized the Fed's emergency actions as buoying asset prices and spurring unsustainable corporate borrowing

When will Wall Street get back to the office?
PRACTICE MANAGEMENT SEP 08, 2020
When will Wall Street get back to the office?

While almost every bank says workers are under no pressure to return, employees are itching to learn what comes next

Money markets have a problem in zero-rate world
MUTUAL FUNDS SEP 08, 2020
Money markets have a problem in zero-rate world

Some fund companies are moving away from prime funds as low rates limit the edge the funds are designed to provide over more conservative alternatives

Berkshire Hathaway cuts stake in Wells Fargo
WIREHOUSES SEP 04, 2020
Berkshire Hathaway cuts stake in Wells Fargo

Warren Buffett's Berkshire sold more than 100 million shares, trimming its holdings of the bank's common stock to about 3.3%, according to a regulatory filing

Stocks fall, led again by big tech
EQUITIES SEP 04, 2020
Stocks fall, led again by big tech

Equities ignore the upbeat jobs report to focus on whether tech stocks have become overvalued

Jobless rate drops more than expected, to 8.4%
RIA NEWS SEP 04, 2020
Jobless rate drops more than expected, to 8.4%

The labor market showed gains for fourth month in a row in August, with nonfarm payrolls growing by 1.37 million

Smart-beta funds don't live up to the backtesting
MUTUAL FUNDS SEP 03, 2020
Smart-beta funds don't live up to the backtesting

An academic study finds strategies that outperformed on paper disappoint once they're packaged as ETFs

Tech shares post biggest decline since June
EQUITIES SEP 03, 2020
Tech shares post biggest decline since June

The Nasdaq 100 fell as much as 5.4% as Apple, Tesla and Amazon all sank

Robinhood probed by SEC over payments from high-speed traders
REGULATION, LEGAL & COMPLIANCE SEP 03, 2020
Robinhood probed by SEC over payments from high-speed traders

Regulator said to be looking at whether the online broker properly informed clients that it sold their stock orders to Wall Street firms