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Traders Are Pulling More Money Out Of Stocks Than At Any Point In The Last 10 Years | Markets Insider
Investors pulled roughly $60 billion from stock funds in the third quarter, marking the largest equity outflow since 2009, according to Morningstar data cited by the Wall Street Journal. The trend follows summer volatility in equity markets as global economic slowdown and trade tensions. Bonds took in more than $118 billion in the third quarter, and money markets added $225 billion in investor capital. Management firms have seen new competition in recent months as trading platforms slash commission fees and ... Full investment news article
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Billionaire David Walentas Gives $100M To Fund Uva Scholarships
Billionaire real-estate developer David Walentas just pledged to donate $100 million to his alma mater, the University of Virginia, to fund scholarships for first-generation students. The gift will cover UVA's $44,724 tuition for 60 first-generation students from Rochester, New York; New York City; or the Commonwealth of Virginia beginning in 2022, the school said in a statement. Walentas, who made a fortune developing real estate in Brooklyn, New York, has a net worth of $2.5 billion, according to Forbes estimates. ... Full investment news article