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By David Randall NEW YORK (Reuters) – Strong upcoming earnings results could reverse the decline in mega-cap technology and growth stocks, which have been hammered by the rise in Treasury yields and are trading at their cheapest levels in six years by one measure, according to Goldman Sachs strategists. The so-called Magnificent Seven group of …

Strong earnings will reverse decline in megacap tech stocks: Goldman Sachs Read More »

By Chris Taylor NEW YORK (Reuters) – If you really want to get Monica Dwyer’s attention, just show her a fancy pen. Dwyer may be a financial planner by trade, but she is also a devoted calligrapher – and so when social media algorithms figured out her weak spot, it was open season. “Facebook has …

Got to have it: The dangers of social media impulse buying Read More »

By Chris Taylor NEW YORK (Reuters) – When Marc Matsil retired to Connecticut’s bucolic northwest hills two years ago, fly fishing and hiking filled his days. Today, he fills classrooms instead with his knowledge of climate science, chemistry and biology, passing on his love of nature to high school kids. The change makes sense given …

Unretirement: The lure to return to work Read More »

(Reuters) – Billionaire investor Bill Ackman said he believed 30-year interest rates would rise further, while his Pershing Square Capital Management hedge fund remains short on bonds, as he sees inflation remaining stubbornly high. His comments came after the U.S. Federal Reserve held interest rates steady but stiffened a hawkish monetary policy stance that its …

Hedge fund manager Bill Ackman sees U.S. long-term rates rising Read More »

By Daniel Wiessner and Dan Whitcomb (Reuters) -A federal judge in Texas on Thursday rejected a bid by 25 states to block a Biden administration rule allowing employee retirement plans to consider environmental, social and governance (ESG) issues in investment decisions. U.S. District Judge Matthew Kacsmaryk in Amarillo, Texas, declined to block the rule, which …

US judge will not block Biden rule on socially conscious investing Read More »

By Lewis Jackson and Scott Murdoch SYDNEY (Reuters) – The next 18 months is an ideal time for unlisted asset deals, said the head of one of Australia’s largest pension funds, as meaty returns for once-low yielding investments like bonds or cash force private dealmakers to offer buyers better terms. Dealmakers had bargaining power during …

Australian pension fund chief bullish on private equity, debt deals Read More »

By Matt Tracy (Reuters) – U.S. junk-rated companies are using a more favorable debt issuance window this year to extend billions of dollars of short-term liabilities. But they were doing so at a high cost which will weigh on their margins and interest coverage ratios over the coming quarters, said a report by Morgan Stanley. …

US junk debt issuers use window to extend liabilities but at higher costs -Morgan Stanley Read More »

By Suzanne McGee and Lewis Krauskopf NEW YORK (Reuters) – Newly publicly traded company Arm Holdings is poised to be added to popular indexes such as the tech-heavy Nasdaq 100, although inclusion in the S&P 500 is unlikely, analysts said. Shares of the British chip designer closed up 24.7% in their Nasdaq debut on Thursday, …

Arm’s shares seen as a shoo-in for Nasdaq 100, though S&P 500 unlikely Read More »

(Reuters) – Wall Street giant Goldman Sachs has named Monali Vora as its head of wealth investment solutions for asset management, according to an internal memo seen by Reuters on Friday. Vora is a 23-year Goldman veteran who joined as an analyst within the quantitative investment team. The unit Vora will head caters to affluent …

Goldman names head of wealth investment solutions for asset management Read More »