|Bid||85.00 x 1400|
|Ask||90.00 x 500|
|Day's Range||87.99 - 88.34|
|52 Week Range||83.24 - 88.75|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.49%|
Oil prices are in fast retreat but, unlike in 2015, crude’s ripples haven’t spread into the broader stock and corporate bond markets.
Dr. Edward Altman, a professor of finance emeritus at NYU Stern, explains what's keeping companies from going bankrupt at the moment.
This month marks the 10th anniversary of the beginning of the Financial Crisis, an event of sufficient importance to be granted capital-letter status. To refresh your memory, June 2007 saw the collapse of two hedge funds managed by Bear Stearns that speculated in credit derivatives backed by subprime mortgages. By August, global short-term money markets were in disarray and the Federal Reserve, which had been tightening policy steadily and was still worried about “inflation pressures” at its policy meeting early that month, had to reverse course.