Investors pulled a record amount of money out of global equity funds in the week to Aug. 26, according to Bank of America Merrill Lynch, a measure of the alarm that China’s markets and economy have aroused around the world. The $29.5 billion outflow, including $19 billion in just one day, was the largest since the series began in 2002, surpassing any weekly outflow engendered by the collapse of Lehman
U.S. consumers increased their spending moderately in July, as wages and salaries made their biggest jump in eight months. Spending rose 0.3 percent in July, helped by purchases of big-ticket items such …
The carnage of the last week – even with Wednesday’s and Thursday’s rebound – has been particularly acute for investors who have seen their overweight positions in companies such as social media site Facebook, pharmaceutical company Valeant, internet retailer Netflix, carmaker Tesla Motors and renewable energy company SunEdison get pummeled in the last days. As a result, people who have money with David Einhorn’s Greenlight Capital, Leon Cooperman’s Omega Advisors,
“A severely oversold and shorted oil market is creating a bid for covering in U.S. crude,” said Chris Jarvis, analyst at Caprock Risk Management in Frederick, Maryland. U.S. crude’s front-month was up $1.90, or 4.4 percent, at $44.46 a barrel by 11:00 a.m. EDT (1500 GMT).
A young fan of Hugh Jackman and Wolverine recently got the surprise of his life. A boy named Domenic, 9, who suffers from the incurable genetic disorder Cystic Fibrosis,…
Welcome to the winner’s circle. After a week of grueling competition, we’ve seen some of this summer’s best trends brutally defeated. Both rainbow hair and bob haircuts bowed…
Law and Order: SVU is known for pushing the boundaries on many things, including dialogue. I’m allowed to say this as somebody who once uttered this line: “Charmaine, Charmaine! How much…
“Brides-to-be: On your marks, get set…” Oh boy, my first wedding dress sample sale was an experience. Monique Lhuillier held a huge discount sale in Verona, California last…
Serena Williams has been making headlines this week for what’s possibly (probably) a new fling with Drake, and according to most fans, it’s pretty clear why they’re the perfect…
Noel Biderman’s week just got worse. The founder and CEO of Ashley Madison has stepped down amid a hacking scandal plaguing the adultery website, its parent company announced Friday…