Author: News Room

John Bogle once said index funds would never compromise more than half of the total mutual fund market. That was years ago. Morningstar MORN recently reported the total value of passively managed funds has surpassed actively managed mutual fund assets. Some are expecting index funds to top 70% of total mutual fund assets within the decade. How much can the market share of these investment products grow? What happens to capital markets if that number hits 100%? More important, how might this put your retirement savings at risk? Finally, what opportunities present themselves to savvy investors as the market share…

By Gergely Szakacs (Reuters) – Underlying inflation in central, eastern and southeastern Europe is stronger than in advanced economies, requiring many central banks in the region to maintain a tight monetary stance for longer than the European Central Bank, a top IMF official said. Aided by a retreat in price growth from double digits, some central banks in the region have started lowering interest rates, led by Hungary, Poland and the Czech Republic, with Romania’s central bank holding off on rate easing for now. “The decline of the inflation rate is progressing more slowly in Romania, Moldova, Montenegro, Hungary, and…

By Nyasha Chingono HARARE (Reuters) – Zimbabwe needs to make its fiscal and monetary policy more predictable to instil confidence in its depreciating currency, a senior World Bank official said on Friday. It could make progress by moving away from the central bank’s “quasi-fiscal operations”, Victoria Kwakwa, the World Bank’s Regional Vice President for Eastern and Southern Africa, told Reuters in an interview. She did not spell out what those operations were, but the International Monetary Fund said last month the central bank should reduce its non-core activities, which have included printing money and borrowing to lend to the government.…

Investing.com — OPEC and its oil-producing allies’ decision to extend production cuts may provide a short term boost to oil prices, but oil supply is still expected to outpace demand in the second quarter as crude demand remains subdued and U.S.-led non-OPEC supply continues to rise. “[T]he cut extension would still leave our global S&D balance in surplus in Q2,” Macquarie said in a note, adding that the 2.2 million barrels per day of cuts delivered so far have shown “little effect” on aggregate OPEC supply.  Russia and Saudi Arabia, who lead the Organization of the Petroleum Exporting Countries and its allies,…

Arizona Democratic Rep. Raúl Grijalva announced on Tuesday that he has sought medical treatment for a “persistent cough” and was subsequently diagnosed with cancer. “A few weeks ago, I sought medical treatment for a persistent cough which was initially diagnosed as pneumonia. After further testing and imaging, my physician discovered that I have cancer,” he said in a statement. Grijalva, 76, said “the diagnosis has been difficult to process” and he has begun treatment. He did not specify the type of cancer he is battling. “I am grateful to my family, friends and doctors for their support, and I am working…

Israeli Prime Minister Benjamin Netanyahu admitted on Tuesday that his country’s military had killed seven humanitarian workers in Gaza, as the US and other western nations stepped up calls for explanations.Netanyahu confirmed that Israel was investigating the air strike that killed seven workers for World Central Kitchen, a major provider of food aid to the besieged enclave.“Unfortunately there was a tragic incident in the last 24 hours in which our forces unintentionally hit innocent people in the Gaza Strip,” he said. “It happens in wartime . . . We will do everything we can to ensure this isn’t repeated.”WCK said the seven people killed…

Evaxion Biotech A/S (EVAX) Q4 2023 Results Conference Call April 2, 2024 9:00 AM ET Company Participants Christian Kanstrup – Chief Executive OfficerBirgitte Rono – Chief Scientific OfficerJesper Nissen – Chief Operating Officer and Chief Financial Officer Conference Call Participants Ahu Demir – Ladenburg ThalmannSwayampakula Ramakanth – H.C. WainwrightThomas Flaten – Lake Street Capital MarketsRichard Ramanius – Redeye Christian Kanstrup Hello, everyone, and a very warm welcome to this Evaxion Business Update Conference call on the back of our Full Year 2023 Results. I’m Christian Kanstrup. I’m the CEO of Evaxion. With me today, I have Birgitte Rono, our Chief…

 In the dynamic world of cryptocurrency, finding a project that instills confidence and trust is paramount for investors seeking good opportunities. Enter Healix Protocol’s HLX Token Presale, a groundbreaking initiative all set to redefine the future of healthcare while offering investors a compelling avenue for growth. Let’s delve into why exploring the HLX Token Presale is the key to investing with confidence in today’s ever-evolving crypto landscape.Healix Protocol: Revolutionising HealthcareAt the core of the HLX Token Presale lies Healix Protocol, a pioneering platform that aims to revolutionise healthcare through blockchain technology. By addressing the various challenges plaguing the healthcare industry,…

Elon Musk’s social media platform X on Tuesday announced it’s hiring a new head of safety as it faces ongoing scrutiny over the spread of hateful speech, conspiracy theories and other controversial content on the platform. Kylie McRoberts — a nearly four-year veteran of the company formerly known as Twitter — will oversee the company’s global safety team and work to build out a new safety hub in Austin, Texas, that CEO Linda Yaccarino announced in January. McRoberts’ elevation to the role comes more than a year after the company’s former safety leader, Yoel Roth, who oversaw what was then called…

Housing costs are outpacing median household incomes in the U.S., further straining affordability.Would-be homebuyers need to earn $113,520 a year to afford the typical house in the U.S. That is 35% more than what the typical household earns annually ($84,072), according to a new analysis by Redfin, a national real estate brokerage site.”Since the pandemic, affordability has just totally collapsed,” said Chen Zhao, a senior economist at Redfin. February 2021 was the last month when the typical household earned more money than they needed to afford the median home. They’ve been in a deficit ever since, Zhao said.More from Personal Finance:Top…