Money News
-
Column-Social Security doomsayers are wrong again, but reform choices loom
(Reuters) - The U.S. government recently released its annual report on the health of Social Security. Not surprisingly, that was met with a slew of doomsday forecasts from pundits and media.
-
Billionaire hedge fund managers Cohen, Dalio tout cryptocurrencies
NEW YORK (Reuters) - Billionaire investors Steven Cohen and Ray Dalio have joined the cryptocurrency craze by putting cash to work and saying at a conference this week that bitcoin and other digital currencies are an interesting way to diversify their holdings.
-
Shareholder support for U.S. climate measures hits nearly 50% -report
BOSTON (Reuters) - Support for climate-related shareholder resolutions at U.S. companies rose significantly this year, according to a report released on Wednesday, as investors focused on economic threats posed by global warming.
-
Flagship Wall St conference sees record attendance, run on steak
NEW YORK (Reuters) - A flagship Wall Street conference returned this week, attracting so many fund managers and investors who were hungry for in-person interactions that organizers ran out of a steak and lobster entree and seats at its first lunch on Monday.
-
Fading retail demand for U.S. stocks could hit S&P 500 - Vanda
(Reuters) - Retail investors' appetite for U.S. stocks has fallen in the past week, data from Vanda Research showed on Wednesday, increasing the odds for a broader sell-off in the S&P 500 at a time when it is already about 2% off its record high.
-
Tech firm Exclusive Networks could be valued at $2.5 billion in Paris listing
(Reuters) - French technology firm Exclusive Networks's initial public offering (IPO) is oversubscribed and could value it at up to 2.1 billion euros ($2.48 billion), the bookrunners on the IPO said on Wednesday.
-
ARK Invest's Wood expects market rotation back to growth stocks
NEW YORK (Reuters) - Star stock picker Cathie Wood of ARK Invest on Tuesday reiterated her call that slowing economic activity in the United States will bolster growth stocks.
-
Wells Fargo pushes back return-to-office date to Nov. 1 - memo
(Reuters) - Wells Fargo & Co on Tuesday pushed back the date when its employees return to office in the United States to the beginning of November, according to a memo seen by Reuters.
-
Investors turn bearish on global economy though positioning upbeat - BofA survey
LONDON (Reuters) -Barely a tenth of respondents in a monthly fund manager survey expect a stronger global economy in the coming months, marking the lowest proportion since last April's initial COVID-19 panic, Bank of America's (BofA's) September edition of the survey showed.
-
U.S. SEC chair wants private fund fee disclosures, bond market transparency -testimony
WASHINGTON (Reuters) - The chair of the top U.S. securities regulator wants private funds to disclose more information to investors about potential conflicts of interest and the fees they charge, according to congressional testimony published Monday evening.
