Stock sectors with the heaviest amount of passive ownership—by index funds and sector-focused ETFs—fell even more than the broad market during the selloff this year, a study found. Jun Zhu, a portfolio manager at Leuthold, analyzed data from the early weeks of the rapid market slide prompted by the pandemic. […]
Business
Warren Buffett admits his billions haven’t afforded him any greater insight into addressing the COVID-19 pandemic than anyone else in the U.S., and he’s not sure what its long-term effects on the economy might be. What the 89-year-old billionaire is sure about, he told investors in a pared-down version of […]
President Donald Trump has picked the worst possible time to relaunch his trade battle with China. The coronavirus pandemic is crushing the US and global economies. Unemployment is soaring. GDP is collapsing at an unprecedented pace. Corporate profits are plunging. Manufacturing is contracting. Yet Trump could amplify that financial […]