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Citigroup thinks Tesla investors hoping for a post-earnings rally later this week should scrutinize a pair of related financial metrics.Investingread more
Olive branches were extended from both China and the U.S. as the two nations are set to restart face-to-face trade negotiations after a monthlong truce.Marketsread more
Coca-Cola topped Wall Street's expectations for earnings and revenue.Food & Beverageread more
New disclosures show Facebook and Amazon each spent more than $4 million on lobbying activity in the second quarter of 2019.Technologyread more
Boris Johnson, one of the biggest voices in the Brexit movement, wins the Conservative Party leadership race by a 2-1 margin.Europe Politicsread more
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Canaccord Genuity's Tony Dwyer believes stocks are about to fall as much as 5% from their all-time highs.Trading Nationread more
A soon-to-come rule for financial advisors is driving even more money out of mutual funds than they were already losing.
Last week, equity mutual funds hemorrhaged $16.3 billion, their greatest outpouring of money since August 2011, according to the Investment Company Institute.
Those outflows "highlight an important trend that has been gaining momentum for some time now and is being accelerated by two primary drivers," Chris Johnson, head of U.S. ETF distribution at RBC Capital Markets, said in an email.
"Actively managed traditional equity mutual funds are, on average, underperforming" lower-cost products, he said. Secondly, "the approaching implementation of the (Department of Labor) Fiduciary Rule is putting a spotlight on fees. "