As FAANG stocks falter, fund managers make bets on survivorsA bear market in the so-called FAANG stocks - Wall Street's most popular trade going into the year - is pushing fund managers into searching for the next big growth companies that can lead the overall market higher.
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U.S. third-quarter growth trimmed; business spending slowingThe U.S. economy slowed slightly more than previously estimated in the third quarter and momentum appears to have moderated further in the fourth quarter, with new orders and shipments of manufactured capital goods falling in…Read More
Global stock indexes slide as U.S. government shutdown loomsWorld stock markets continued a week-long sell-off on Friday as the threat of a U.S. government shutdown and further hikes in U.S. borrowing costs compounded investor anxiety that global economic growth is slowing.
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