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The Fiscal TimesSwiss Central Bank Continues Intervening in Currency Market, Data SuggestWall Street JournalZURICH—New data published on Friday by the Swiss National Bank suggest it bought around 60 billion Swiss francs (around $65 billion) worth of foreign currencies last month to blunt the surge in the Swiss franc's value, even … Read entire story.
Source: Business – Google News
The publication of the durable goods orders reports from the United States earlier this afternoon revealed a mixed sentiment regarding the manufacturing sector of the world’s largest economy. The nominal figure came in with a reading slightly below forecasts with a 0.8{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540} contraction. The core reading, however, beat forecasts with…
A reader recently wrote in asking for a discussion of the Vanguard Managed Payout Fund — how it works and what it might be good for. In short, the fund is meant to be a tool for investors who are spending from their portfolios (i.e., retirees). It’s an …
Dave Fry writes that it may be too late for investors to hedge the market downturn, as markets have moved sharply lower and the damage may have already been done.