Millennium Management, a $69 billion hedge fund, has built its success on one trading approach: quickly cut losses on underperforming stock positions.
Savers who’ve banked on high interest rates for the past couple of years may be in for a shock, some financial advisers say.
The Moscow Region Arbitration Court froze funds of the U.S. Bank of New York Mellon as well as funds of JP Morgan Chase held by its Russian affiliate.
Chinese equities are on a tear. Hong Kong’s Hang Seng Index has risen 13.8% since Sept. 25.