Chinese stocks have had a rough year. And iQiyi (NASDAQ: IQ) is no exception. iQiyi was spun off from Chinese search giant Baidu (NASDAQ: BIDU) earlier this year and debuted at $18 per share on March 30. Shares climbed 61% above the IPO price by June, but since then, have fallen precipitously and the price […]
Read MoreGird your loins. We’re in for another rocky year in 2019. That’s according to Goldman Sachs (NYSE: GS), who sees slowing economic growth and continued fits of volatility in the new year, which will make 2019 another crap year for risk-adjusted investment returns. “Expect better but still low returns in 2019,” wrote Goldman’s strategists in […]
Read MoreOn Monday, the yield curve inverted when the interest rate on five-year Treasury bonds slipped below the rate on three-year bonds for the first time since the beginning of the country’s last recession back in 2007. That’s certainly a worrying sign as such inversions are typically associated with being the sounding alarm for recessions. So […]
Read More