Reuters US Money Archives

Franklin Templeton beats quarterly profit estimates as investment management fees rise

31 Jan 2025 31 Jan 2025

(Reuters) – Investment manager Franklin Resources, better known as Franklin Templeton, beat Wall Street estimates for first-quarter profit on Friday as a rallying equities market boosted investment management fees. WHY IT’S IMPORTANT The company’s Western Asset Management unit, which chiefly manages fixed income portfolios, is under investigations by the U.S. Securities and Exchange Commission and …

Franklin Templeton beats quarterly profit estimates as investment management fees rise Read More »

Cryptoverse: Next wave of US crypto ETFs already in the pipeline

10 Jan 2025 10 Jan 2025

By Suzanne McGee (Reuters) – What a difference a year makes. Rewind the clock to early January 2024, and the asset-management industry was anxiously watching to see if the much-anticipated debut of U.S. spot bitcoin exchange-traded funds could live up to expectations they would pull in as much as $30 billion in their first year. …

Cryptoverse: Next wave of US crypto ETFs already in the pipeline Read More »

SoFi shares fall after KBW downgrade on valuation concerns

2 Jan 2025 2 Jan 2025

By Niket Nishant (Reuters) -Shares of SoFi Technologies fell 6% on Thursday after KBW downgraded its stock on concerns over the fintech firm’s lofty valuation and ambitious financial targets, further cooling a months-long rally. Analysts at the brokerage firm rated the stock “underperform” and established a price target of $8 — nearly half of SoFi’s …

SoFi shares fall after KBW downgrade on valuation concerns Read More »

Abu Dhabi’s Mubadala overtakes Saudi Arabia’s PIF as world’s top wealth fund spender

1 Jan 2025 1 Jan 2025

By Hadeel Al Sayegh DUBAI (Reuters) – Abu Dhabi’s Mubadala Investment Company accounted for about 20% of the almost $136.1 billion spent by sovereign wealth funds worldwide last year, overtaking Saudi Arabia’s wealth fund amid a surge in spending from Gulf countries. Mubadala and its subsidiaries deployed $29.2 billion in 2024, up from $17.5 billion …

Abu Dhabi’s Mubadala overtakes Saudi Arabia’s PIF as world’s top wealth fund spender Read More »

Column-Why US Congress restored Social Security benefits for public-sector retirees: Mark Miller

26 Dec 2024 26 Dec 2024

By Mark Miller (Reuters) – Social Security is an earned benefit. You become eligible by paying the payroll tax during your working years, and the amount you get is geared to your wage history – with a glaring exception. Since the 1980s, some public sector workers have seen their earned Social Security benefit amounts cut …

Column-Why US Congress restored Social Security benefits for public-sector retirees: Mark Miller Read More »

Go Small: Using financial resolutions to get your money right

23 Dec 2024 23 Dec 2024

By Chris Taylor NEW YORK (Reuters) – For many people, financial resolutions might be lighthearted fodder for small talk at holiday parties. Not for Cynthia Luna. She is deadly serious about them. The financial planner from Waxahachie, Texas sends all her clients New Year’s cards with their resolutions written down in black and white. If …

Go Small: Using financial resolutions to get your money right Read More »

How to avoid store credit cards with a potential debt bomb

18 Dec 2024 18 Dec 2024

By Chris Taylor NEW YORK (Reuters) – As you gear up for last-minute holiday shopping at any big box retailer, there is a good chance you will be offered a store credit card with a nice discount on today’s purchase and even a 0% interest rate for an introductory period. What’s not to like, right? …

How to avoid store credit cards with a potential debt bomb Read More »

Spread holiday cheer with this year-end tipping guide

17 Dec 2024 17 Dec 2024

By Chris Taylor NEW YORK (Reuters) – ‘Tis the season for giving, and more Americans are planning to give year-end holiday tips. But figuring out who gets what can be tricky. “In recent years, with inflation cutting into our purchasing power, it felt like we couldn’t give as much as we wanted,” says Bankrate senior industry …

Spread holiday cheer with this year-end tipping guide Read More »

StanChart sets $200 billion new wealth assets target, focuses on Chinese and Indian wealthy

4 Dec 2024 5 Dec 2024

By Lawrence White and Selena Li LONDON/HONG KONG (Reuters) – Standard Chartered (StanChart) will target $200 billion in new assets and double-digit growth in income from its wealth business over the next five years, as part of its wider strategy to shift to higher fee-earning businesses. The Asia-focussed bank wants to expand in serving wealthy …

StanChart sets $200 billion new wealth assets target, focuses on Chinese and Indian wealthy Read More »

Column-Funds wait on US energy regulator to answer a $26 trillion question: Ross Kerber

4 Dec 2024 5 Dec 2024

By Ross Kerber (Reuters) – U.S. energy regulators have another window of opportunity to clarify the role that giant fund firms should play in corporate ownership. It’s a good chance to resolve a nagging question for investors and stock issuers alike. In October BlackRock asked the U.S. Federal Energy Regulatory Commission to extend for another …

Column-Funds wait on US energy regulator to answer a $26 trillion question: Ross Kerber Read More »