By Chris Taylor NEW YORK (Reuters) – Being an Olympic athlete in the U.S. is not just arduous physically but often financially as well. In fact, 26.5% of high-performance American athletes earn less than $15,000 a year, according to a recent report “Passing the Torch” by the Commission on the State of the U.S. Olympics …
Three financial tips for American Olympians and future athletes Read More »
By Noel Randewich, Carolina Mandl and Stephen Culp (Reuters) – A tumble in the heavyweight stocks that have powered markets higher this year is highlighting Wall Street’s vulnerability to any weakness in the Big Tech trade and causing concerns that over-stretched stocks are in for more turbulence. Disappointing quarterly reports from Tesla and Google-parent Alphabet …
Analysis-Megacap stock selloff shows investor concerns about too much tech Read More »
By Samuel Shen, Selena Li and Julie Zhu (Reuters) – Two of China’s leading fund managers have capped staff’s annual income and will claw back any excess, five people with direct knowledge of the matter said, in the first such measure to hit the industry under a government austerity drive. China Merchants Fund Management (China …
By Chris Taylor NEW YORK (Reuters) – What asset class do millennials and Gen Z investors both want to own? Here is an answer you may not have guessed: Gold. Among wealthy investors under the age of 43, 45% own gold as a physical asset, and another 45% are interested in holding it, according to …
Golden rule: Why younger investors are drawn to gold Read More »
HONG KONG (Reuters) – Standard Chartered has hired more than a dozen new bankers to its private banking teams in Singapore, Hong Kong and the United Arab Emirates in a bid to grow the affluent business, a bank statement said on Thursday. The hires includes Nicholas Cheng, who joined as managing director, head of private …
Standard Chartered boosts private bank team with 14 new hires Read More »
By Chris Taylor NEW YORK (Reuters) – When you envision retirement with a partner, what does it look like? Probably retiring at the same time, as you both wave goodbye to the workforce and look forward to new adventures. The reality is that only 11% of American couples actually retire at the same time, according …
Four reasons why couples should consider staggered retirements Read More »
By David Randall NEW YORK (Reuters) – Outsized positions in artificial intelligence darling Nvidia have boosted portfolio managers’ returns this year but the bets stand to magnify risk if the chipmaker’s red-hot shares see a reversal of fortune. Nvidia shares are up about 785% since the start of 2023 and have risen some 160% this …
Analysis-Nvidia investor dilemma: how much is too much in a stock portfolio? Read More »
By Nell Mackenzie, Dhara Ranasinghe and Samuel Indyk (Reuters) – European companies are seeing outsized gains and losses in their shares when they report earnings, a Reuters analysis shows, a trend that has more to do with the growing sway of fast money in the $15 trillion market than with business prospects. Take the top …
European stocks are seeing outsized moves as hedge funds drive trading Read More »
By Suzanne McGee (Reuters) – Cathie Wood, founder and CEO of ARK Investment Management, defended the strategy of the firm’s money-losing flagship fund, telling investors in a letter released late on Wednesday that its fortunes will reverse when interest rates fall. The ARK Innovation ETF fund has taken investors on a rollercoaster ride in recent …
ARK Investment’s Cathie Wood defends strategy in letter to investors Read More »
(Reuters) -The top U.S. watchdog agency for consumer financial protection announced on Wednesday proposed regulations it said would require mortgage servicers to offer help to borrowers in difficulty before resorting to foreclosure. The new draft rules would also help protect investors from losses incurred when borrowers are unable to pay, according to the U.S. Consumer …
US watchdog proposes requiring help before mortgage foreclosures Read More »
