Passive investing boom could cause a market bubble, but not in the stocks you would expect
Real estate and utilities are the two sectors that have benefited the most from the rise of passive investing vehicles.
Real estate and utilities are the two sectors that have benefited the most from the rise of passive investing vehicles.
The student debt crisis has hit black borrowers especially hard.
Cancer diagnostics company Exact Sciences Corp is in advanced negotiations to buy healthcare company Genomic Health Inc for about $2.8 billion to strengthen its cancer testing, Bloomberg reported on Saturday.
Auto supplier Robert Bosch has revised its forecast for automotive production on Saturday, expecting a 5% fall this year, bigger than an earlier estimate for a 3% decline, the company's chief financial officer told Boersen-Zeitung.
Novartis Chief Executive Vas Narasimhan pledged in an interview published on Saturday not to sell the Swiss drugmaker's generics unit Sandoz amid a revamp that has prompted speculation he is preparing to offload the business.
Pfizer Inc is in talks to merge its off-patent drugs business with Mylan NV in a stock deal, according to a source familiar with the matter.
Pfizer Inc is in talks to merge its off-patent drugs business with Mylan NV in a stock deal, the Wall Street Journal reported on Saturday, citing people familiar with the matter.
The U.S. Justice Department said it was greenlighting T-Mobile US Inc's request to acquire rival Sprint Corp after the companies agreed to divest Sprint's prepaid businesses including Boost Mobile to Dish Network Corp in an effort to create a new wireless competitor.
U.S. economy is growing faster in the third quarter than previously thought based on this week's June data on durable goods orders and new home sales, the New York Federal Reserve's Nowcast model showed on Friday.
U.S. Federal Reserve Chairman Jerome Powell will have to walk a fine line to avoid roiling the stock market next week, even if the central bank delivers on expectations and lowers interest rates for the first time in more than a decade.
Wanda Sports Group , a sport events owner whose interests include selling sponsorship rights to the FIFA World Cup, said on Friday it priced a smaller-than-expected U.S. initial public offering (IPO) below its targeted range to raise $190.4 million. The Beijing-based company, a unit of Chinese conglomerate Dalian Wanda Group, sold about 23.8 million American depositary shares (ADS) at $8 each, compared with a previously stated target of selling 28 m
Life insurance is probably the last thing on your mind if you're in your 20s and 30s. Surprise — those are probably prime years for buying coverage. Here's what you should know.
The U.S. Justice Department said on Friday it is approving T-Mobile US Inc's takeover of rival Sprint Corp, clearing a major hurdle to a deal that would merge the nation's third and fourth largest wireless carriers.
Oil prices steadied on Friday and were on track for a weekly increase as geopolitical tensions in the Middle East and concerns over the safety of oil transport in the Gulf countered slowing U.S. economic growth amid a U.S.-China trade war.
U.S. stocks inched closer to record levels on Friday, boosted by robust earnings from Google-owner Alphabet and Intel, and data that showed the domestic economy slowed lesser than expected in the second quarter.