Stock pickers are still positioned for a Fed ‘soft landing,’ mutual fund holdings show
Actively managed mutual funds have maintained their pro-cyclical stance with overweights in consumer discretionary and industrials.
Chamath Palihapitiya blames the Fed for ‘perverted’ market conditions that benefited him
The former Facebook executive and CEO of Social Capital has helped several companies go public via SPACs, including Virgin Galactic.
Retail money market funds inflows are the highest in 30 years as investors seek safety. Best funds to buy
Retail money market fund inflows hit $122.1 billion in the week ending Oct. 19, the most since 1992, according to data from Refinitiv Lipper.
Alphabet is having its worst day since March 2020, when Covid shutdowns started in the U.S.
Shares of Alphabet dipped Wednesday, a day after the company released third-quarter earnings that missed on the top and bottom lines.
Germany to legalize cannabis use for recreational purposes
Germany set out plans to legalize cannabis, with promise it would become one of the first countries in Europe to make weed legal.
It’s not just severity—the types of Covid symptoms you get depend on the vaccines you’ve received, new data says
Your Covid symptoms — including their severity, and how long they might last — may depend on your vaccination status, data from the ZOE Health Study suggests.
‘Seismic shift’ in bank payments to help business and consumers, says EU
U.S. duo Visa and Mastercard dominate cross-border card payments, and Brussels hopes instant payments will boost competition.
Gender equity at work is stalling after ‘mass exodus’ of women during pandemic, new research finds
After the pandemic caused a “mass exodus” of women from the workforce, progress around gender equity has slowed down, a new KPMG report says.
Meta shares plummet on weak fourth-quarter forecast and earnings miss
Facebook parent Meta reported earnings after the bell. Here are the results.
Meta and Microsoft can’t self-regulate their metaverses, UK regulator warns
Ofcom Chief Executive Melanie Dawes said self-regulation of the metaverse wouldn’t fly under U.K. online safety laws.
