By Paritosh Bansal (Reuters) -A European private wealth manager in Hong Kong told me last week he recently got the catalyst he needed to land a Taiwanese billionaire’s account: geopolitics. The billionaire was down to two major wealth managers — UBS and JPMorgan Chase — after Credit Suisse’s demise last year. He wanted a third …
In the Market: In Asia, people ask, how do I derisk from America? Read More »
By Chris Taylor NEW YORK (Reuters) – Open most personal finance books, and you will find the usual tips like how to maximize credit card rewards or get a bank fee waived. But to create a life of real financial security, you need to think bigger and broader, according to Scott Galloway, a serial entrepreneur …
‘The Algebra of Wealth’: Professor Galloway’s fiscal formula Read More »
By Nell Mackenzie LONDON (Reuters) – Hedge funds ditched bearish stock bets early this week at some of the highest rates in three years as U.S. meme stocks rallied sharply, a Goldman note seen by Reuters on Friday showed. The note, published on Wednesday just before the rally faded, said hedge funds dropped positions on …
Hedge funds squeezed from short bets amid surging meme stocks, Goldman Sachs says Read More »
By Saeed Azhar NEW YORK (Reuters) – U.S. investment bank Goldman Sachs is muscling into the lending market for private equity and asset managers, planning an overseas expansion as it helps fill a void left by turmoil at regional banks and the sale of Credit Suisse. The Wall Street bank and rivals JPMorgan Chase and …
Goldman Sachs looks to expand private equity credit lines as dealmaking picks up Read More »
By Chris Taylor NEW YORK (Reuters) – What does Mother’s Day mean to you? When financial literacy expert Mellody Hobson speaks about her mom, she tells a remarkable story about coping with severe money struggles as a young child. Hobson, 55, may be best known as a money adviser on TV, but she is also …
Mothers, money and meaning: Mellody Hobson’s remarkable rise Read More »
By Mark Miller (Reuters) – What if the traditional wisdom on how to fix Social Security no longer holds? The trustees who oversee the program issued their annual financial forecast on Monday, predicting that the combined retirement and disability trust fund reserves will be depleted in 2035 – one year later than forecast last year. …
Column-The Social Security fix no one is talking about Read More »
OSLO (Reuters) – Norway’s $1.6 trillion sovereign wealth fund, the world’s largest, is falling short on its climate ambitions by failing to back multiple shareholder proposals pushing oil companies to cut their greenhouse gas emissions, a non-governmental organization said in a report said on Monday. The fund pools the Nordic country’s state revenues from oil …
Norway’s wealth fund falls short on climate ambitions, NGO says Read More »
By Chris Taylor NEW YORK (Reuters) -If you think getting tickets to a Taylor Swift concert or the World Series is tough, try booking a hotel room in an American college town for Graduation Day. Toni Milbourne faced this before her daughter’s graduation from West Virginia University in May. Hotel room rates in Morgantown doubled …
Need a hotel in the US for Graduation Day? Good luck Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Volatility-linked investment strategies are joining the nascent sell-off in U.S. stocks and could help accelerate declines if market gyrations keep increasing. Volatility control funds – systematic investment strategies that typically buy equities when markets are calm and sell when they grow turbulent – hoovered up stocks as …
Analysis-Wobbling US stocks could push volatility-linked funds to ramp up selling Read More »
By Chris Taylor NEW YORK (Reuters) – If you are selling a home in the U.S., you may wonder when to put it on the market and get the best price. The answer? The prime moment is now. Specifically, the week of April 14-20 is optimal to sell a home nationwide, according to a new …
The best time to sell your home in the US is now Read More »
