By Chris Taylor NEW YORK (Reuters) – When it comes to holiday tipping, is America a nation of Scrooges? That is what Ted Rossman wondered. When CreditCards.com recently polled Americans about how much they planned to tip service workers this holiday season, the site’s senior industry analyst saw the numbers before anyone else – and …
Four ways to navigate the holiday tipping vortex Read More »
By David Randall NEW YORK (Reuters) – A new socially focused fund from star stock picker Cathie Wood’s ARK Invest rose 1.5% in its first day of trading Wednesday. The ARK Transparency ETF, which the firm says will focus on the “100 most transparent companies in the world,” gained ground on the strength of top …
Cathie Wood’s newest ARK ETF rises in first day of trading Read More »
BARCELONA (Reuters) – Barcelona and Real Madrid threatened new legal action should a plan by the country’s top soccer league to accept a cash injection from private equity fund CVC move forward, saying on Tuesday it was both illegal and too costly. Spain’s two largest soccer clubs together with Athletic Bilbao – which are all …
Barcelona, Real Madrid say CVC investment in LaLiga is illegal Read More »
By Maria Chutchian (Reuters) -Members of the Sackler family on Monday said billions of dollars they collected from Purdue Pharma before the company filed for Chapter 11 was the result of extra cash, not part of a “secret plan” to abuse the bankruptcy system. In court papers, lawyers for the Sackler family members, who controlled …
Sackler family says billions collected from Purdue not abuse of bankruptcy law Read More »
By Svea Herbst-Bayliss BOSTON (Reuters) – Cinctive, a hedge fund that nearly tripled assets since its 2019 launch, is looking to capitalize on the market volatility stirred up by the Omicron variant of the coronavirus and worries over a hawkish shift from the Federal Reserve. Among the areas the fund believes are attractive are financial …
Hedge fund Cinctive sees potential bargains as volatility roils markets Read More »
By Carolina Mandl and Katanga Johnson (Reuters) – Fundraising is likely to become momentarily tougher for financial startups in Latin America as the prospect of higher interest rates has reduced investor appetite for riskier assets, chief financial officers told the Reuters Next conference. Panelists said investors will ask for more indications of profitability before pouring …
Fundraising for Latam fintechs likely to be under pressure Read More »
SHANGHAI (Reuters) -China on Friday authorised its insurers to take part in securities lending, potentially boosting short-selling activities in the country’s stock and bond markets. Chinese banks, brokerages and mutual fund houses can already conduct the business, lending securities holdings to other market players, such as short-sellers, for interest income. The China Banking and Insurance …
China promotes short-selling by letting insurers lend securities Read More »
By Andrea Shalal WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen and Vice President Kamala Harris will announce significant new funding to boost lending to minority-owned businesses and low-income communities at a racial equity forum on Dec. 14, a U.S. official said on Thursday. The administration of President Joe Biden plans to announce a “major milestone” …
U.S. Treasury to unveil funding boost for minority lending on Dec. 14 Read More »
By Ross Kerber and Simon Jessop (Reuters) – Sustainability-focused investors believe a little effort can go a long way toward finding profitable opportunities buried in incomplete corporate environmental or social impact filings. That is according to several speakers on a panel at the Reuters Next conference, who described how they choose sustainable investments and work …
Sustainable investors look for profits in fuzzy data Read More »
By Katanga Johnson WASHINGTON (Reuters) -Chinese companies that list on U.S. stock exchanges must disclose whether they are owned or controlled by a government entity, and provide evidence of their auditing inspections, the Securities and Exchange Commission (SEC) said on Thursday. The rule advances a process that could lead to more than 200 companies being …
U.S. SEC mandates Chinese companies detail ownership structure, audits Read More »
