What you need to know on Wall Street today
Eduardo Munoz/Reuters
To find the hottest destination for stock traders, Americans must look overseas.
Investors poured roughly $6 billion into European equities last week, the most in history, according to data compiled by Bank of America Merrill Lynch. More than three-quarters of that was absorbed by exchange-traded funds, which also saw record inflows.
In related news, some of the biggest names in investing love Indian stocks. Bigger paychecks for US workers could be bad news for stocks. And you can watch the latest episode of The Bottom Line, Business Insider's weekly markets and economics show, right here.
Elsewhere in markets news, America's biggest companies are obsessed with three themes right now, according to Goldman Sachs. And there are too many fund managers, according to the CEO of a $385 billion fund.
There's a massive series of cyberattacks across the globe right now - and leaked malware developed by the NSA seems to be to blame. Ransomware, software that encrypts the victim's data and demands a ransom to unlock it, has spread across a dozen countries, from England to Japan.
It's impossible to know how President Donald Trump truly feels about Fed Chair Janet Yellen because he has both bashed and praised her depending on his whim. However, it turns out that Trump could fire Janet Yellen if he decided to so.
An email prankster successfully duped Barclays' CEO into thinking the person was the bank's chairman.
There's a lot of news in the retail sector:
- JC Penney tanks after a big miss on sales
- JC Penney has hit an ugly milestone that no company wants
- UBS: Macy's has reached a "sobering breakpoint"
- Nordstrom's same-store sales miss
- CREDIT SUISSE: Nordstrom is "best-of-breed"
Elsewhere in company news, GE is making a huge bet on its future, and not everyone is convinced it's going to work out. And there's a huge amount of pressure on Snap's latest initiative.
Lastly, here are the 17 best cities for first-time homebuyers.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- An Ambani disruption in OTT: At just ₹1 per day, you can now enjoy ad-free content on JioCinema
- Reliance gets thumbs-up from S&P, Fitch as strong earnings keep leverage in check
- Realme C65 5G with 5,000mAh battery, 120Hz display launched starting at ₹10,499
- 8 Fun things to do in Kasol
- SC rejects pleas seeking cross-verification of votes cast using EVMs with VVPAT
- Ultraviolette F77 Mach 2 electric sports bike launched in India starting at ₹2.99 lakh
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market