By Mark Miller (Reuters) – Should you keep working as you get older, or retire and claim Social Security when you first become eligible for benefits? Some people do both, and not necessarily by choice. Twenty percent of older workers claim Social Security as soon as they become eligible at age 62 – and while …
Column-How a higher retirement age would hurt low-income US workers Read More »
By Carolina Mandl NEW YORK (Reuters) -U.S.-based Viking Global Investors has reopened its flagship long/short hedge fund for new capital having closed it more than a decade ago, according to three people familiar with the matter, as industry-wide equity hedge fund returns strengthen. Led by co-founder and Chief Executive Officer Andreas Halvorsen, Viking ended June …
Hedge fund Viking reopens flagship fund after decade -sources Read More »
By Medha Singh and Savyata Mishra (Reuters) -Shares of Tupperware Brands surged 44% on Friday, after the kitchen storage container maker finalized a debt restructuring deal as it attempts a turnaround of its business, reinvigorating retail investors’ interest in the company. The Florida-based firm raised doubts in April about its ability to continue as a …
Meme stock Tupperware jumps as debt restructuring deal fires up retail army Read More »
By Chris Taylor NEW YORK (Reuters) – How much money do you really need for retirement? One guess is $1.27 million, a new survey from Milwaukee-based Northwestern Mutual shows. But there is no ‘Magic Number’ for everyone. After all, retirement may be decades away, subject to variables such as life events, inflation, stock market returns, …
By Bansari Mayur Kamdar (Reuters) – Meme stocks have surged in the last few weeks as retail investors shun pricier stocks for cheaper speculative names, but some experts worry that this could choke the current rally in broader markets. At a time when the wider rally has made some stocks, especially in the tech space, …
Meme stocks surge as tech rally gets too pricey for retail investors Read More »
By David Randall NEW YORK (Reuters) – Some investors are giving the shares of dividend-rich companies a second look as expectations grow that the Federal Reserve is nearing the end of a rate-hiking cycle that has lifted bond yields to their highest level in nearly two decades. The Fed’s most aggressive rate increases in a …
Analysis-Sensing end of Fed hikes, some investors return to dividend stocks Read More »
By Tatiana Bautzer, Sinéad Carew and Saeed Azhar NEW YORK (Reuters) – U.S. banking giants reported lackluster results for investment banking in the second quarter, but that has not stopped investors from buying their stocks as a bet on revived dealmaking. Goldman Sachs profit slumped 58% to the lowest in three years, it reported Wednesday, …
Investors cheer Wall Street’s green shoots as bank executives stay cautious Read More »
By Chris Taylor If you ever need advice about breaking up with your bank, just ask Bruno J. Navarro. He has done it three times. The technology marketer from Maplewood, New Jersey, cut ties for a variety of reasons, such as increased fees and low interest rates on savings. Sometimes the process is straightforward, sometimes …
By Chris Taylor (Reuters) – There is no doubt that higher interest rates are hard on a many people – especially if you are taking out a loan on a home or a car, or are struggling to catch up with credit-card debt. But for some, steep interest rates are not actually bad news. That …
By Niket Nishant and Nupur Anand (Reuters) -JPMorgan Chase beat Wall Street estimates for the second-quarter with record profit even as its chief Jamie Dimon cautioned about unprecedented economic risks. The largest U.S. lender’s profit climbed as it earned more from borrowers’ interest payments and benefited from the purchase of First Republic Bank. While Dimon …
JPMorgan’s profit surges to record after First Republic deal Read More »
