Former Intel CEO Andy Grove wasn't just a great businessman and leader. It turns out he was also a pretty smart investor. Isaac Presley, CFA, highlights several investing lessons from Grove's life and work.
Capital Group, JPMorgan Chase and Legg Mason are among companies working on actively managed exchange-traded funds that aren't required to disclose portfolios daily. Some of the ETFs might come to market this year. The Wall Street Journal (tiered subscription model) (13 Jul.)
The European Securities and Markets Authority has opened an industry consultation on how to create an EU-wide consolidated tape that would compile trading data. The matter has been under consideration for years, Chairman Steven Maijoor says, and "I believe it is time to decide if and how we want to go ahead with this ambitious project, and ESMA is ready to provide support to the co-legislators on the right way forward." Reuters (12 Jul.)
Bank of England Monetary Policy Committee member Gertjan Vlieghe says he supports cutting interest rates to nearly zero if a no-deal Brexit occurs. If a deal is reached, rates could rise as high as 1.75% during the ensuing three years, he says. Reuters (12 Jul.)
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.