Public pension plans lost a median 7.9% in the year ended June 30, according to Wilshire Trust Universe Comparison Service data released Tuesday, their worst annual performance since 2009 and a fresh sign of the chronic financial stress facing governments and retirement savers. Much of the damage occurred in April, May and June, when global markets came … Read more
It’s the peak stretch of second-quarter earnings season, with roughly 150 S&P 500 firms scheduled to report this week. The highlights on the economic calendar will be a pair of purchasing managers’ index readings and jobs Friday. Wednesday’s earnings highlights will be Booking Holdings , CVS Health , eBay , and Moderna . Thursday will … Read more
Text size PayPal shares have slid this year as people have returned to their prepandemic spending habits. Courtesy of PayPal Payments giant PayPal finally has attracted an activist. PayPal (ticker: PYPL) had been a pandemic-darling as households increasingly shopped online but shares have slid more than 60% this year as people returned to their prepandemic … Read more
Text size After two days of gains, investors are preparing for declines tomorrow. Spencer Platt/Getty Images U.S. stock futures were down Wednesday evening as markets appeared to reverse course following two days of consecutive gains for the major indexes. T he indexes rose Tuesday on an especially strong day for tech stocks. The S&P 500 … Read more
China has opened another gateway for international investors to send cash into the country’s stock market, hoping to boost its fledgling exchange-traded-funds industry. Earlier this month, securities regulators in Hong Kong and mainland China approved the inclusion of dozens of ETFs in a popular cross-border trading link called Stock Connect. The funds, mostly listed in … Read more
