BUSINESS
Active managers struggle to prove their worth in a turbulent year
Over the past two decades, there has been a shift of power from the pedigreed stockpickers and bond kings who have straddled markets, to the cheap, passively-managed index funds now in the ascendancy
BUSINESS
Vaccine success has given investors their bull case
Breakthrough sets the stage for sustained gains — and a shift in leadership — within equity markets
BUSINESS
What Wall Street would make of a Biden presidency
US bank investors care less about the prospect of a Trump defeat than the outlook for interest rates
BUSINESS
Why investors have suddenly turned bullish on a divided US government
Hasty shift to expectations that a Biden administration would be restrained on tax rises and regulation
BUSINESS
A divided electorate spells trouble for the US economy
Country emerges from polls both unwilling and unable to tackle challenges that threaten this and future generations
BUSINESS
‘The party is pushing back’: Why Beijing reined in Jack Ma and Ant
The billionaire’s criticism of regulators triggered the move by Communist leaders to limit the power of the fintech group
BUSINESS
Ten ways coronavirus crisis will shape world in long term
Covid-19 has inflicted a huge global recession, but one that has been far from equal across countries
BUSINESS
Global liquidity trap requires a big fiscal response
Central banks have taken unprecedented steps, but now demand needs a lift
BUSINESS
Long-term forces stack up against the dollar
Low rates combined with rising trade and budget deficits put pressure on the currency
BUSINESS
Big Tech shows its resilience to pandemic and politics
The combined sales of the four big tech companies leapt 18 per cent year on year in the latest quarter, 4 per cent higher than expected while their after-tax profits jumped by 31 per cent
BUSINESS
Earnings in the time of coronavirus: the dissonance of blowout profits
Measures of economic activity recorded their largest declines ever in the second quarter. Yet earnings for many big listed businesses have been robust
BUSINESS
Corporate America is breaking with Donald Trump
Whether hesitant or hyperbolic, the statements all carry the same message: there is a growing consensus in Corporate America that Mr Trump is no longer good for business
BUSINESS
Why ExxonMobil is sticking with oil as rivals look to a greener future
If Exxon is right, its gamble will rescue the company as projects from New Mexico to Guyana begin pumping crude oil into a rising market
BUSINESS
US global role at stake in this election
The re-election of Donald Trump would undo much, if not all, of the legacy of Roosevelt. Yet his defeat would not end the danger
BUSINESS
AMD/Xilinx: stock take
AMD wants to go beyond the market for home computers and gaming consoles to compete more directly with Intel in supplying chips to cloud computing businesses
BUSINESS
Ant IPO: earth-shaking arthropod
Eye-popping as the numbers are — putting Ant on track to raise $34.4bn — the dual listing in Shanghai and Hong Kong is priced to go. Long-term investors should ask why
BUSINESS
What the shift on austerity means for markets
The world is now set to experience another surge in debt and deficits from levels that only nine months ago would have been deemed unthinkable by most economists and financial market participants
BUSINESS
Huawei: stale mate
More worrying news: Huawei has suggested that its latest flagship smartphone, Mate 40, will be the last of its high-end line-up.
BUSINESS
The fallacy of ESG investing
Not only is the evidence that ESG outperforms over long periods inconclusive; the win-win argument doesn’t even make sense
BUSINESS
Tesla/lithium: metal guru
Tesla’s practice of selling its emission credits to the highest bidder has plumped gross margins by a quarterly average of 400 basis points since last September
BUSINESS
The case for re-electing Donald Trump
The highest number of checks on Mr Trump’s “promises kept” sheet are on foreign policy
BUSINESS
The good, bad and ugly of soaring tech stocks
There are two ways to look at the market’s rise
POLITICS
Investors opt for the ‘do nothing’ trade ahead of US election
Polls point to a clear win for the Democratic party on November 3, potentially on a scale large enough to take the presidency and both houses of Congress
BUSINESS
The threat of long economic Covid looms
The second waves of the disease now crashing on to many economies will make this worse
