Want better returns? Stop churning your investments

Over a 16-year period, an analysis shows that investor returns were 6.3 percentage points lower than returns provided by equity funds, mostly on account of frequent churning by investors, an over-reaction to short-term market noise, and a focus on short-term performance. To avoid this, follow a simple rule: Identify a good fund and stay with it through market cycles. Ashley […]

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Asian Shares Fall After Weak U.S. Data

Asian stocks moved mostly lower in cautious trading on Thursday as investors grappled with the financial fallout from the coronavirus pandemic. China’s Shanghai Composite Index bucked the downtrend and rose 0.3 percent to 2,819.94 ahead of GDP, industrial production and retail sales data due Friday. Hong Kong’s Hang Seng Index ended down 0.6 percent at 24,006.45. Japanese shares fell sharply […]

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Trump fights for small business lifeline PPP as Dems employ stall tactics: RNC Chair

Will large businesses voluntarily give back PPP loans? FOX Business’ Charlie Gasparino says Treasury Secretary Steven Mnuchin reportedly asked JPMorgan Chase CEO Jamie Dimon on ways to fix the Paycheck Protection Program so loans can be distributed to needy small businesses. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below […]

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WarnerMedia “Rethinking” Theatrical Model; AT&T COO John Stankey Doesn’t Expect “Snap-Back” Recovery By Exhibitors

WarnerMedia is “rethinking the theatrical model” in light of COVID-19, AT&T COO John Stankey said on the telecom and media giant’s first-quarter earnings call. Stankey didn’t elaborate much on that sentiment, and neither did the executive offer any overtures of condolence to theater owners. Even though top exhibition circuits like AMC and Cinemark are hoping to reopen by the beginning […]

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Wall Street To Open Moderately Lower

The widespread pandemic with a rising death toll across the globe continues to influence the market sentiments. The International Monetary Fund has said that the global economy might contract by about 3 percent in 2020 amid the spread of the coronavirus. U.S. retail sales and industrial production for March could attract attention on Wednesday. The Federal Reserve is also scheduled […]

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AT&T Misses Q1 Estimates, Citing Impact Of COVID-19

AT&T reported first-quarter results impaired by COVID-19, missing revenue targets, as WarnerMedia operations suffered the worst impact from the virus. Revenue came in at $42.8 billion, which was below the consensus view of Wall Street analysts, who were looking for $44.2 billion. Earnings of 84 cents a share also missed estimates, but AT&T said without the virus earnings would have […]

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Facebook To Invest $5.7 Bln In India’s Reliance Jio

Facebook, Inc. signed an agreement to buy 9.99 percent stake in India-based Jio Platforms Ltd., owned by billionaire Mukesh Ambani’s Reliance Industries Limited. The social media giant will make an investment of 43,574 crore Indian rupees or about $5.68 billion into Jio, which owns the country’s top connectivity platform Reliance Jio Infocomm Ltd with over 388 million subscribers. Reliance Industries […]

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Facebook Invests $5.7 Billion In India’s Reliance Industries Digital Division Jio Platforms

Facebook Tuesday announced a $5.7 billion investment in Jio Platforms Limited, part of Reliance Industries, making the social media giant its largest minority shareholder. In a blog post  FB said the sizeable investment “underscores our commitment to India, and our excitement for the dramatic transformation that Jio has spurred in the country. In less than four years, Jio has brought […]

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Food Rationing Is New Reality for Buyers Once Spoiled for Choice

In this article At a Publix store in St. Petersburg, Florida, handmade signs limit customers to two packages of beef, pork and Italian sausage. In Toronto, shoppers at a west end Loblaws can’t buy more than two dozen eggs and two gallons of milk. Spoiled for choice before the pandemic, North American shoppers are finding they can’t get everything they […]

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Coronavirus unemployment bump puts struggling restaurants in tough spot

Payroll tax refund, rent assistance may help restaurant industry: FAT Brands CEO FAT Brands president and CEO Andy Wiederhorn discusses potential strategies to keep struggling restaurants open during the coronavirus pandemic. Get all the latest news on coronavirus and more delivered daily to your inbox.  Sign up here. Continue Reading Below The restaurant industry has been hit hard by lockdown measures […]

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