By Timothy Aeppel (Reuters) – A new form of sticker shock has hit American car buyers like Darin Davis. In January, when the 56-year-old Dallas real estate agent renewed the insurance on the pearly-white 2024 Cadillac XT4 that he bought just a few months earlier, the rate nearly doubled. “It takes the fun out of …
Soaring insurance costs hit as US buyers finally get a break on car prices Read More »
By Chris Taylor NEW YORK (Reuters) – It is hard enough to be a caregiver for elderly parents when there are multiple siblings to help. Sometimes, there is only you. Just ask Michael Hausknost. The financial planner from Long Beach, California is helping his 90-year-old mom, Eva, as she moves from an assisted living facility …
Only child? Four ways to prepare as a caregiver for aging parents Read More »
By Saqib Iqbal Ahmed and Suzanne McGee NEW YORK (Reuters) – Popular funds that sell options for income may be moderating the recent bout of volatility in U.S. stocks, extending the calming effect they have had on the market for the last several months. Assets under derivative income ETFs, funds that use a mix of …
Analysis-Funds selling options help temper US stock swings Read More »
By Selena Li HONG KONG (Reuters) – HSBC plans to accelerate the expansion of its wealth business in China despite economic headwinds and is on track to nearly double its headcount by next year, its global wealth head said, as the lender pushes ahead with its Asia pivot strategy. The bank, which makes the bulk …
HSBC to accelerate China wealth expansion, on track to meet hiring target Read More »
DUBLIN (Reuters) – Ireland’s 15-billion-euro sovereign investment fund will divest from six Israeli companies, including some of its largest banks, over their activities in the occupied Palestinian territories, Finance Minister Michael McGrath said on Friday. The Ireland Strategic Investment Fund (ISIF), which invests at home to support economic growth but also holds a portfolio of …
Ireland’s sovereign investment fund to divest from six Israeli firms Read More »
By Carolina Mandl NEW YORK (Reuters) – Hedge funds capped the first quarter with gains across different strategies, as a rally in stocks, some commodities and the dollar helped the industry weather a less shiny period for bonds, investors said. Fundamental equities long/short hedge funds were up 6.28% in the first quarter, while systematic long/short …
Hedge funds rally in Q1, powered by gains in equities Read More »
By Yuvraj Malik (Reuters) – Global venture capital investments fell to a near five-year low in the first three months of 2024, according to investment intelligence firm PitchBook, as high interest rates weighed on funding for companies despite big investments in the AI space. Investors poured $75.9 billion in the January-to-March period, their lowest since …
Global venture capital investment near 5-year low in Q1, PitchBook data shows Read More »
By Davide Barbuscia NEW YORK (Reuters) – Wall Street is bracing for a potential bout of stress in money markets by putting some cash on the side ahead of U.S. tax day, when high tax-related outflows could hurt market liquidity. Tax season, which culminates on April 15 when income tax returns are to be submitted …
Analysis-Wall Street gears up for US tax season liquidity test Read More »
(Reuters) -Bank of America (BofA) Global Research has raised its 2024 Brent and WTI oil price forecasts, citing escalating geopolitical tensions and the OPEC+ producer group maintaining supply curbs. The bank now expects Brent and WTI crude prices this year to average $86 and $81 per barrel respectively, with prices of both peaking around $95 …
BofA hikes 2024 oil forecasts on tighter supply, geopolitical risks Read More »
By Chris Taylor NEW YORK (Reuters) – It is April and the first quarter of 2024 is behind us, so there is a good chance your well-intentioned resolutions for life and money are failing. Which means it is a great time to try a Personal Strategy Map. The brainchild of Columbia Business School professor Sheena …
Are your 2024 goals lagging? Time to try a Personal Strategy Map Read More »
