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S&P 500 Futures Fall After Worst Weekly Decline Since March

(Bloomberg) — Investors in the U.S. equity market remained on edge before a week laden with political and economic risk.Futures on the S&P 500 fell in Asia trading, extending a loss that reached more than 5% over the previous five sessions, as traders awaited the outcome of the U.S. presidential election on Tuesday and a Federal Reserve decision on Thursday.After the worst week since March, investors braced ahead of a week loaded with events with the potential to move financial markets. The Federal Reserve will deliver a policy decision Thursday before the October jobs report Friday. Earnings will continue to …read more […]

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October Selloff Leaves Few Places to Hide

(Bloomberg Opinion) — That October proved tough for stocks won’t come as a surprise to seasoned investors who still remember some quite challenging months in the past. What is notable this time around, however, is that investments meant to mitigate risks and offset some of the declines from equities also lost money. Understanding why illustrates some of the difficult challenges facing investors in a market greatly distorted by prolonged central bank intervention, and now dealing with weakening economic fundamentals and delayed fiscal policy support.Let us start with the numbers. For a second consecutive month, the S&P 500 Index declined, dropping …read more […]

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World’s Top Hedge Fund Soars 275% With Huge Bet on China Schools

(Bloomberg) — Long before he ran the world’s best-performing hedge fund, Qian Yongqiang chaired China’s biggest online dating service.The Yale graduate would spend hours tracking down attractive users with suspicious profiles, sifting through accounts and deleting thousands of scammers to improve the site’s authenticity and ensure its success.Now he’s betting that same attention to detail and strong returns will help turn his Singaporean firm into a wealth management giant. Between January and September, QQQ Capital Management posted gains of 275%, making it the top hedge fund in the world, according to Eurekahedge data. QQQ says assets under management rose to …read more […]

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These Are the Airlines Teetering on the Brink of Covid Ruin

(Bloomberg) — Having a home government with deep — and open — pockets is emerging as key in terms of whether an airline will make it through the coronavirus pandemic.Carriers in jurisdictions where there is scant support from up high are most likely to go bust, according to an analysis by Bloomberg News. Using the Z-score method developed by Edward Altman in the 1960s to predict bankruptcies, Bloomberg sifted through available data on listed commercial airlines to identify the ones most prone to financial strife.Versus the same analysis done in March, when the virus was just starting to spread beyond …read more […]

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Stock Futures Signal Higher Asia Open; Pound Dips: Markets Wrap

(Bloomberg) — Stocks will look to rebound from a tech-induced sell-off in Asia as traders brace for a crucial week that could set the tone for the remainder of the year, with the U.S. election and a Federal Reserve policy meeting.Equity futures in Japan and Australia ended Friday higher, indicating the Asia-Pacific region can start November on the front foot following two months of losses for global equities. The pound slipped as increased restrictions in England aimed at controlling the coronavirus overshadowed signs of progress on Brexit. Traders will later watch the release of data on Chinese manufacturing for any …read more […]

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Biden Ahead 10% Nationally, But Lead Narrows in Key States, Poll Shows

A new WSJ/NBC News poll finds former Vice President Joe Biden leading President Trump 52% to 42% among registered voters. But as WSJ’s Gerald F. Seib highlights, results show the race is tightening in 12 battleground states. Photo: (L) Scott Hasse/Zuma Wire; (R) Brian Snyder/Reuters …read more […]