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U.S. fund managers brace for consumer slowdown
4:28am, 9th February, 2019
Business

U.S. fund managers brace for consumer slowdown

With expectations for slowing growth escalating, U.S. fund managers are selectively avoiding stocks in consumer companies as lofty valuations, concerns about declining earnings estimates, and consumer confidence keep them on guard.
Venezuela jails 34 store managers on charges of price gouging
8:30pm, 20th September, 2018
World

Venezuela jails 34 store managers on charges of price gouging

Venezuela's President Nicolas Maduro said on Thursday that 34 supermarket managers had been jailed on charges of hiding food and gouging prices, in the leftist government's latest crackdown on businesses as the country struggles under a sev...
U.S. fund managers trim bank stocks on profit worries
4:46am, 1st September, 2018
Business

U.S. fund managers trim bank stocks on profit worries

U.S.-based mutual fund managers worried about the outlook for bank earnings have been trimming financial stocks from their portfolios, although some value-oriented portfolio managers and analysts said they still see attractive opportunities in the se...