By Chris Taylor NEW YORK (Reuters) – As any parent will tell you, teenagers and young adults do not really listen to what you have to say. Nor do they pay much attention to financial firms and their earnest charts and graphs about how much people should be saving for retirement. But here are folks …
New money advice from Wyclef Jean just dropped – and it’s a rap Read More »
By Alden Bentley and Davide Barbuscia (Reuters) – The spreads between both investment-grade and junk-rated corporate bond yields and U.S. Treasuries have fallen to their narrowest level in more than two years, in a sign of overall investor confidence growing. The spread on the ICE BofA U.S. Corporate Index, a commonly used benchmark for high-grade …
Credit spreads over US Treasuries fall as market gains confidence Read More »
(Reuters) – U.S. investors were net sellers of equity funds in the week to Feb. 21 as stubborn inflation reduced expectations the Federal Reserve would deliver a rates cut soon. They sold U.S. equity funds worth about $4.86 billion on a net basis during the week in contrast to about $7.82 billion in net purchases …
U.S. investors retreat from equity funds on rate cut uncertainty Read More »
By Carolina Mandl NEW YORK (Reuters) -Hedge funds sold more than bought stocks last week as the main U.S. stock indexes posted a loss after five consecutive weeks of gains, Bank of America said in a note. The bank, which tracks its clients trading flow, said hedge funds net sold roughly $2 billion in U.S. …
Hedge funds ditch US stocks as Wall Street slides, says BofA Read More »
By Nupur Anand, Pete Schroeder and Matt Tracy NEW YORK/WASHINGTON (Reuters) -U.S. banking regulators have been asking regional lenders whether they faced any fallout from the problems at New York Community Bancorp, several sources said, in a sign that worries about the health of the sector persist. Two banking executives, a legal source and an …
NYCB stock rout prompts US bank regulators to conduct health checks Read More »
(This Feb. 14 story has been corrected to change stock performance to ‘nearly 240%’ from 65%, in paragraph 2) By David Randall NEW YORK (Reuters) – Several well-known funds jumped into shares of chipmaker Nvidia at the end of last year, securities filings showed on Wednesday, potentially setting themselves up to benefit from the nearly …
Nvidia’s scorching shares drew hedge funds in Q4, filings show Read More »
(Reuters) – Global equity funds racked up significant inflows in the week to Feb. 14 propelled by investor optimism amid a robust stock market rally, despite lingering uncertainties over the Federal Reserve’s rate cut plans. According to data from LSEG, investors acquired a net $9.12 billion worth of global equity funds during the week, marking …
Global equity funds see big inflows amid stock rally Read More »
By Seher Dareen and Ross Kerber (Reuters) -The New York State Common Retirement Fund will restrict its investments in eight integrated oil and gas companies, including the divestment of a small share of its holdings in Exxon Mobil, New York Comptroller Thomas DiNapoli, who oversees retirement assets, said on Thursday. The move follows a review …
New York pension fund to divest some Exxon holdings Read More »
By Manya Saini (Reuters) -New York Community Bancorp shares rose 5% on Thursday after it disclosed it has more than $18.7 billion in reciprocal deposit capacity to offer its customers expanded deposit insurance, calming investor worries around its stability. Reciprocal deposit networks allow banks to insure deposits over the Federal Deposit Insurance Corporation’s $250,000 limit …
NYCB discloses over $18.7 billion in reciprocal deposit capacity, shares rise Read More »
By Jonathan Stempel (Reuters) -Berkshire Hathaway on Wednesday said it has trimmed its huge stake in Apple and shed four common stock holdings, and kept investors guessing on what could be a major new investment by Warren Buffett. In a regulatory filing describing its U.S.-listed stock holdings at the end of 2023, Berkshire said it …
Berkshire trims Apple, sheds four stocks, mum on new investment Read More »
