Fed's credit operation launched, but job already done
The Federal Reserve's pledged support for exchange-traded funds may not end up costing the central bank much, but will still have the desired effect of keeping the credit market afloat.
Exchange-Traded Funds
U.S.-based stock funds post $3.2 billion weekly inflow: Lipper
U.S.-based stock funds posted $3.2 billion in inflows in the week ended on Wednesday, according to Lipper.
BOJ has no preset idea on when to normalise ETF buying pace: senior official
The Bank of Japan has no preset idea now on when it would slow its purchases of exchange-traded funds (ETF) back to normal, a senior central bank official said on Tuesday.
U.S. stock funds shed $10.8 million in week: Lipper
U.S.-based stock funds posted $10.8 billion in outflows in the week ended ON Wednesday, according to Lipper.
NY Fed says corporate credit facilities will begin purchases in May
The New York Federal Reserve said Monday that the primary and secondary market corporate credit facilities it is setting up as part of its response to stabilize markets in the wake of the coronavirus pandemic will begin purchases in early May.
Biggest U.S. oil ETF may not be able to reflect crude spot prices
The United States Oil Fund LP, the largest oil-focused exchange-traded product (ETP) in the country, said it may not be able to meet its investment objective of reflecting the spot prices of oil any longer, according to a filing on Thursday.
Gold hoarding investors avert coronavirus demand collapse: WGC
Massive stockpiling of gold by investors spooked by the coronavirus outbreak offset a collapse in jewellery production to keep global demand for the metal stable in the first three tumultuous months of 2020, the World Gold Council said on Thursday.
Big crude oil fund had $726 million in unrealized losses before April
The United States Oil Fund was sitting on more than $700 million in unrealized losses at the end of March, several weeks before the market fully grasped the outsize role it would play in this month's unprecedented collapse in the price of front-month oil contracts.
Indians venture into U.S. stocks as markets slump at home
More Indian investors are turning to U.S. stocks to escape tumbling markets at home and pick up exposure to global technology giants that are rising through the coronavirus-led market turmoil.
Business Video
Money News
Ackman says hedge fund up 27% year to date, dumped Berkshire
William Ackman's hedge fund is boasting double-digit gains at a time many portfolios have sunk along with the economy during the coronavirus pandemic, after the billionaire investor plowed cash into a number of companies he already owned and dumped Warren Buffett's Berkshire Hathaway among other stocks.