The U.S. will likely emerge the winner in a "cold currency war" that is heating up, an expert said.Currenciesread more
These box office numbers do not include the cost of production or marketing costs. They also don't count the billions in merchandising that Disney has made over the last...Entertainmentread more
Tariffs are the only instrument left for addressing China's systematic and excessive surpluses on its U.S. trades, writes Michael Ivanovitch.US Economyread more
In its latest attempt to build market credibility, China on Monday launched the Science and Technology Innovation Board, or "STAR Market," on which 25 companies were listed.China Economyread more
When Cathy Hsu and Tony Hsieh wanted to build an English language app for Chinese children, they decided to follow Facebook and Google's lead.Start-upsread more
Stocks in Asia traded lower on Monday afternoon, as a Nasdaq-style technology board on the Shanghai Stock Exchange marked its debut.Asia Marketsread more
Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.Technologyread more
Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
The firing of the tear gas was the latest confrontation between police and protesters who have taken to the streets for over a month to fight a proposed extradition bill and...China Politicsread more
Last week shows that oil prices are not the indicator for Middle East tensions they once were, and worries about global demand and growing U.S. production has changed that...Market Insiderread more
Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
Record cash streamed out of U.S.-based stock funds and billions more fled bonds in a week of apparently escalated caution, Lipper data showed on Thursday.
More than $46 billion thundered out of U.S. stock mutual funds and exchange-traded funds, the most ever, while a near-record $13 billion poured from bonds, according to the research service. Relatively low-risk money market funds pulled in $81 billion, also the most recorded, the research service's data showed.
The withdrawals appeared to show investor confidence cracking in the waning days of a wild year of up-and-down trading that has left many people with losses across both stock and bond funds, a rare occurrence.
The end-of-year numbers could also reflect changes related to capital gains distributions and as investors re-evaluate their holdings for tax reasons and other purposes, though in other years the volume has not been this high in a single week.
U.S. Federal Reserve rate hikes, high corporate borrowing, rising relative yields on short-term bonds, U.S.-China trade tensions and slowing growth in corporate profits have left investors with much to stew over. The average U.S.-based equity fund is down 6.3 percent in the year through Dec. 11, while its bond counterpart is down 0.9 percent, Lipper said.
More than $45 billion of the withdrawals came from equity mutual funds, heavily used by retail investors during the week.
Lipper measures a week as the seven-day period from Thursday to Wednesday, and much of its records date back to 1992.
Individual investors are the most pessimistic about stock performance they have been in more than five years, with 49 percent expecting the market to fall in the next six months, according to a widely-followed survey by the American Association of Individual Investors covering the latest week.