Bottom is near for emerging market stocks, says Morgan Stanley

Emerging and Asian stocks are close to completing their current bear-market cycle, Morgan Stanley said, upgrading its view on the regions given more-than-average losses and attractive valuations. There’s a high chance of a bottom forming in these markets amid “abundant” signs of capitulation, the investment bank’s strategists including Jonathan Garner wrote in a note Tuesday, … Read more

‘The Fed is breaking things’ – Here’s what has Wall Street on edge as risks rise around the world

Jerome Powell, chairman of the US Federal Reserve, during a Fed Listens event in Washington, DC, US, on Friday, Sept. 23, 2022. Al Drago | Bloomberg | Getty Images As the Federal Reserve ramps up efforts to tame inflation, sending the dollar surging and bonds and stocks into a tailspin, concern is rising that the … Read more

Inaugural Winners of the Social Justice Innovation Awards

Five leading organizations and their founders developing breakthrough social innovations will each receive a $250,000 award and participate in a new program to advance systemic solutions to complex social justice issues. With support from Morgan Stanley, the national nonprofit Centri Tech Foundation has selected five winners from across the United States, each taking an innovative … Read more

Many large-cap active managers are beating their benchmarks, despite 2022’s market tumult

A volatile market is traditionally a strain on active managers as they navigate their clients’ portfolios, but 2022 has proven to be an unconventional year for their operations. According to the SPIVA US Scorecard, a new study by S&P Global, large-cap active managers are experiencing the best year against their benchmarks since 2009. On average … Read more

Market pros name the likely winners and losers as sterling slumps

The British pound continued its slide against the US dollar this week, hitting a new record low against the greenback Monday. Sterling briefly touched $1.0382 in Asia trading — the lowest level on record since 1971 — as investors weigh the cost of UK Prime Minister Liz Truss’ sweeping tax cuts and investment incentives that … Read more

Dan Niles reveals how the Santori Fund is beating the market

This year’s bear market has left many investors deep in the red, but Dan Niles says his Satori Fund has bucked the trend. Niles said the US-focused long-short equity fund is up this year, outperforming the S & P 500, which has declined around 20% in the same period. He did not disclose the fund’s … Read more

European stocks slip at the open as traders await the Fed meeting

Porsche up almost 3% Porsche shares rose almost 3% in early trade Monday after German carmaker Volkswagen said it was aiming for a valuation of up to 75 billion euros for the luxury brand when it is floated on the stock market. Porsche was last seen trading up 2.5% while Volkswagen was slightly above the … Read more

Investors left empty-handed in IndiGo block trade due to slippage

Investors who attempted to participate in last week’s 20.5 billion-rupee ($258 million) share sale in India’s largest airline IndiGo were left empty-handed due to a feature of the country’s trading rules that has long been a source of frustration for institutional fund managers. None of the investors lined up by the banks working on billionaire … Read more

Shopify replaces two top executives, sparking speculation about the company’s future

The Shopify office in Toronto on Feb. 12, 2020.Chris Donovan/The Globe and Mail Shopify Inc. SHOP-T is replacing two of its top executives, a significant change to the Ottawa-based e-commerce company’s senior leadership as it aims to bring itself back on track during a continuing downturn. Amy Shapero, Shopify’s chief financial officer, will step down … Read more