Allan Sloan is a seven-time winner of the Loeb Award, business journalism’s highest honor. There are times when simple numbers tell a big story for investors — and this is one of them. Today’s numbers involve index funds: Mutual funds that seek to replicate market indicators like the Standard & Poor’s 500 Index or the Nasdaq market or the total U.S. stock market rather than try to outperform them. For the first time in history, retail investors’ index fund holdings exceed their… Source link
Read More »Former Google CEO says ‘China surging to overtake’ US
Former National Security Council chief of staff weighs in on ties between Huawei, US educational institutions. A group of tech and policy leaders including former Google CEO Eric Schmidt is warning that China is “surging to overtake the United States in critical areas.” The group called the China Strategy Group published a memo obtained by Axios that proposes a number of “urgent policy solutions” that “position the United States to out-compete China” without inciting more tension or… Source link
Read More »