WSJ's Kirsten Grind explains that while the Bill Gross-run Janus fund took in nearly $65 million in September, it's a drop in the bucket compared to the outflow from his former Pimco fund. Photo: Getty.
Given the S&P 500‘s recent surge beyond 5,300, surpassing some experts’ year-end targets, is it prudent for investors to be concerned about a potential overheating in the market? Goldman Sachs’ chief US equity strategist David Kostin believes that now that the S&P has climbed above the 5,200 target he’d predicted, there just isn’t much more room at the top this year. Kostin believes that the current combination of high stock valuations and low projections for 2024 GDP and earnings growth are lik
Most Americans are hoping gasoline prices don’t go over $4 this summer. Chevron and some other top gasoline producers in the state are fighting it aggressively, saying the move will backfire and potentially cause prices to rise even more. California’s attempts to find new ways to lower its sky-high gas prices highlight the state’s tricky transition to cleaner transportation fuels.