A decade ago, amid an economic boom in "emerging markets" like Brazil, Russia, India and China, the Teacher Retirement System of Texas decided to plow nearly 10% of all savings into stocks from the countries. Now, the teachers are reeling from the mistake, with subpar returns and outsize risks that could have been easily avoided had the fund just stuck with large U.S. stocks.
Escalating Tariffs Are Impeding Growth in Global Trade
Citigroup Inc. said investment-banking chief Ray McGuire would move to a different role as part of a reorganization that aims to more seamlessly integrate the company's stock- and bond-underwriting business. Citigroup will combine its corporate and investment-banking group with its capital-markets origination business to create a new Banking, Capital Markets and Advisory division, according to a memo.
Tesla's bonds maturing in 2025 are trading near their lows and have lost approximately 10% of their value in less than a year.
From overweighting dividend stocks to avoiding high-yield bonds, this is how I'm playing things here.
Stock markets are seeing bigger fluctuations this year amid speculation over signs of accelerating inflation, the pace of Federal Reserve rate increases and U.S. trade tensions with China. That's a relief for JPMorgan and other Wall Street firms following a bout of unusually calm -- and less lucrative -- trading conditions in 2017.
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