Fidelity had a great year ... despite its struggling mutual fund business. Here's why:
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Fidelity Posts Record Revenue, Profit Despite Market SwoonFidelity Investments posted record operating profits and revenue for a third-straight year even as a stock-market selloff late last year shrunk the value of the assets it manages for clients.
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Fidelity notches record profit and revenue despite a slowdown in stock marketsFidelity's operating income rose 19 percent last year, while revenue increased 12 percent to a record $20.4 billion.
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How this high school senior got promoted to junior partner at a global investment fundIn 8th grade, Rishi Bagaria began investing in the stock market. Now, in between high school classes, he's serving as junior partner at life sciences investment fund Thessalus Capital.
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Business investment dries up after Trump tariff tiff with China, global woes, shutdownPresident Trump giveth and President Trump taketh away: Business investment soared in 2017 in anticipation of the biggest corporate tax cuts in 31 years, but companies have hit the brakes since the White House stepped up its attack on Chinese trade practices.
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