By Mark Miller (Reuters) – It is one of those unwelcome surprises that is almost guaranteed to anger people when they retire: income from Social Security benefits is subject to federal taxes – and in some cases, to state taxes as well. So it is not a shock to see Republican presidential candidate Donald Trump …
Column-Ending the tax on US Social Security income should be part of a broader reform Read More »
By Carolina Mandl NEW YORK (Reuters) -Citadel’s flagship hedge fund Wellington was up roughly 1% in August, a source familiar with the matter said, in a month which started with a brutal sell-off in equities. Year-to-date through August, the fund posted gains of 9.9%, the source added, speaking on condition of anonymity. All of its …
Citadel’s flagship fund up roughly 1% in August, says source Read More »
By Summer Zhen HONG KONG (Reuters) – Concentrated bets on popular Chinese e-commerce giant PDD Holdings may have led to losses in billions of dollars for hedge funds from a crash in its shares following downbeat comments from its executives. U.S.-listed shares in PDD, the owner of low-priced retailer Temu, plummeted 33% this week, and …
Hedge funds may lose billions from Temu owner PDD’s stock crash Read More »
(Reuters) – U.S. equity funds attracted significant inflows in the seven days to Aug. 21, bolstered by bets of a Federal Reserve rate cut in September and easing worries about a potential downturn in economic growth. According to LSEG data, investors racked up a net $5.97 billion worth of U.S. equity funds during the week, …
US equity funds draw large inflows on rate cut bets, easing growth concerns Read More »
(Reuters) – Global investors ploughed money into equity funds in the week to Aug. 21, encouraged by expectations of a Federal Reserve rate cut in September and easing concerns about the U.S. economy. According to LSEG data, investors snapped up $15.73 billion worth of global equity funds during the week, marking their largest weekly net …
Global equity funds see sharp inflows on Fed rate cut hopes Read More »
By Ann Saphir (Reuters) – Central bankers from around the world fly into Jackson Hole, Wyoming, this week to attend what has become the globe’s premier economic gathering, the Kansas City Federal Reserve’s annual symposium in Grand Teton National Park. The event draws keen investor attention, and – depending on what the world’s most influential …
What to look for at Fed’s Jackson Hole symposium Read More »
By Ann Saphir and Michael S. Derby JACKSON HOLE, Wyoming (Reuters) -Federal Reserve policymakers on Thursday lined up in support of U.S. interest-rate cuts starting next month now that inflation is well down from its highs and the U.S. labor market is cooling, though one signaled he is in no rush to ease policy. “For …
Fed policymakers flag rate cuts as job market cools Read More »
By Chris Taylor NEW YORK (Reuters) – If you ever question the value of hybrid work, just have a chat with L Parker Barnum. The managing director of creative agency Mythology splits his week: three days from his home in New Jersey with two days at the firm’s office in Manhattan. His verdict: The arrangement …
By Howard Schneider and Ann Saphir Jackson Hole, Wyoming (Reuters) – Boston Federal Reserve President Susan Collins on Thursday expressed confidence the U.S. central bank will be able to bring inflation down without triggering a recession, and signaled her support for starting interest rate cuts next month. “I think there’s a clear path to achieving …
Fed has ‘clear path’ to achieving goals without recession, Collins says Read More »
By Suzanne McGee (Reuters) – The number of new exchange-traded funds hitting the U.S. market is on track to set another record in 2024, according to data from Morningstar Direct, with an average of 50 ETFs making their debut monthly. That compares to a monthly average of 48 in 2023, which was also a record, …
New US ETFs being launched at record pace in 2024 Read More »
