Trader on the floor of the New York Stock Exchange. Lucas Jackson | Reuters The market’s swift decline from record highs sparked by the coronavirus outbreak has left investors wondering when the bleeding will stop. On Feb. 19, the S&P 500 hit an all-time high. Just a week later, the broad market average traded in
Investing
As the sustainable investing movement gains traction investors have increasingly shied away from traditional energy stocks. But ValueAct Capital’s Jeffrey Ubben believes that oil and gas companies that are working to clean up their operations can belong in portfolios focused on sustainable companies. The activist investor, who is the co-portfolio manager of the ValueAct Spring Fund,
A worker stands on the roof of a home under construction at a new housing development in San Rafael, California. Getty Images Stocks of the nation’s biggest homebuilders jumped Tuesday after the surprise 50 basis point rate cut by the Federal Reserve. The homebuilders’ ETF (ITB) hit session highs in the morning, up nearly 2.3%,
Robinhood reported technical issues for a second day following an outage that kept clients from trading on a historic market rally. As U.S. stocks traded actively again Tuesday in wake of a surprise Fed rate cut, Robinhood reported a “major outage” for trading across its platform. Earlier updates on the site said that all trading
Federal Reserve Chairman Jerome Powell speaks during a news conference in Washington, Wednesday, Oct. 30, 2019. Susan Walsh | AP The market’s disregard for the Federal Reserve’s emergency interest rate cut doesn’t surprise Josh Brown, who called the decision “ill thought out.” “This is to make people feel better. OK, fine. So then do it the