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Tuesday, October 27, 2020
Banking Mutual Funds: 'Get me off this wild ride!'

Mutual Funds: ‘Get me off this wild ride!’

Other News

Exxon’s oil slick

Exxon Mobil is slashing its capital spending budget for 2020 by 30% due to weak demand caused by the COVID-19 pandemic and a market...

Folk music’s Mark Twain: 7 Essential tracks from John Prine,

NEW YORK (AP) — Some people, the songs just come out of them. For nearly half a century, they tumbled out of John Prine...

Tarrant County records another COVID-19 death

Tarrant County Public Health (TCPH) on Wednesday, April 8 reported that a resident of Euless has died as the result of the COVID-19 virus....

Tradition stymied: A year unlike any since WWII for Augusta

The Masters is so intertwined with Augusta, they added an extra day to spring break.You see, the first full week of April isn't just...

Last year was one of the best in decades for U.S. stocks, with S&P 500 index funds returning more than 30%. But even as stocks set new records, mutual fund investors headed for the exit. They pulled $41.4 billion more out of U.S. stock funds last year than they put in, according to Morningstar. Meanwhile they poured more than half a trillion dollars into bond funds and another $547.5 billion into money market funds. Last year was the sixth time during the decade-long bull run that investors pulled money out of U.S. stock funds, Morningstar says. Aging investors are increasingly looking for income rather than growth. Plus many remember their stock funds losing half their value during the 2008-09 financial crisis. To contrarian investors, this is a sign stocks could rise even more once regular investors’ appetite for risk returns. So who’s been buying stocks? S&P 500 companies spent $547 billion buying back their own stock in the first nine months of 2019, according to the most recent data from S&P Dow Jones Indices. Get

Latest News

Texas Trust Credit Union names Ginia Chapline COO

Ginia Chapline has been promoted from Senior Vice President of Talent to Chief Operating Officer at the $1.5...

Initial public offerings scheduled to debut week of Oct. 26

Initial public offerings scheduled to debut next weekNEW YORK (AP) — The following is a list of initial public offerings planned for...

Southside Bancshares: 3Q Earnings Snapshot

TYLER, Texas (AP) _ Southside Bancshares Inc. (SBSI) on Friday reported third-quarter net income of $27.1 million.The Tyler, Texas-based bank said it...

Bank OZK: 3Q Earnings Snapshot

LITTLE ROCK, Ark. (AP) _ Bank OZK (OZK) on Thursday reported third-quarter earnings of $109.3 million.The Little Rock, Arkansas-based bank that has...

First Financial: 3Q Earnings Snapshot

ABILENE, Texas (AP) _ First Financial Bankshares Inc. (FFIN) on Thursday reported third-quarter net income of $52.9 million.The Abilene, Texas-based bank said...