by Jacques Lemoisson | Feb 7, 2021
Renaissance’s Institutional Equities Fund, the biggest of the external vehicles, lost 19% in 2020, the letters show. That fund got the biggest chunk of the redemptions. The Institutional Diversified Alpha fund dropped 32% and the Institutional Diversified Global...
by Jacques Lemoisson | Feb 7, 2021
The brokerage industry added over 10 million new retail accounts in 2020, a record year, according to analyst Devin Ryan of JMP Securities. A large number of these were taxable accounts. Robinhood Markets Inc., which brought a flood of first-time traders into the...
by Jacques Lemoisson | Feb 7, 2021
Uses for the stimulus payments varied by age group. About 54% of people between the ages of 25 and 39 reported on the Census survey that they mostly used the stimulus money to pay off debt, and 26% said they mostly saved it during the Jan. 6-18 period. By comparison,...
by Jacques Lemoisson | Feb 7, 2021
Lawrence Summers, who served as Bill Clinton’s treasury secretary and Barack Obama’s top economic adviser, warned that Biden’s plan was excessive and that it might trigger “inflationary pressures of a kind we have not seen in a generation, with consequences for the...
by Jacques Lemoisson | Feb 5, 2021
Once the House passes the same version of a budget measure, the chambers can move forward with writing a rescue package that is expected to include stimulus checks, a supplemental jobless benefit, and Covid-19 vaccine and testing funds, among other measures. Approval...
by Jacques Lemoisson | Feb 3, 2021
The chart is clear and if you consider that there is no inflation, I can’t argue more. Powell said : “The housing sector has more than fully recovered from the downturn,” “a one-time shift in demand that we think will get satisfied, also that will call forth...
