By Chris Taylor NEW YORK (Reuters) – Try holding your credit card up to your ear, real close. You might hear the soft tick, tick, tick of your interest rate going up. Back on May 4, average U.S. credit card interest rates clocked in at 16.41%, according to financial information site Bankrate. By July 6, …
As U.S. interest rates soar, four ways to manage credit cards now Read More »
By Jonathan Stempel NEW YORK (Reuters) -Archegos Capital Management LP made a last-ditch effort to falsely persuade banks its survival was not at stake in an unsuccessful bid to forestall the sudden collapse of the $36 billion private investment firm, U.S. prosecutors said. The accusation came in a 12-page letter filed on Thursday night in …
Archegos tried to lull banks before $36 billion firm collapsed – US prosecutors Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Speculative options trading is on the rise again among individual investors alongside a rally in so-called meme stocks, reviving a trend that swept Wall Street last year but faded as markets turned volatile in 2022. Trading in single stock options – a popular vehicle for retail investors …
Analysis-U.S. retail traders pile back into options as meme-stock mania flares Read More »
By Carolina Mandl NEW YORK (Reuters) – Bridgewater Associates has cut most of its disclosed mammoth bets against European stocks, according to data group Breakout Point, using the hedge fund’s public disclosures. In July, Bridgewater’s big shorts against stocks in more than 50 European companies reached roughly 10 billion euros, in a sign that the …
Bridgewater cuts short positions in European companies Read More »
By Dawn Chmielewski and Svea Herbst-Bayliss (Reuters) – The first time billionaire investor Daniel Loeb began pushing for change at the Walt Disney Co, he got his wish. His hedge fund Third Point LLC in 2020 called on the company to suspend its dividend and go all-in on streaming. Days later, the company announced it …
Analysis-Activist’s call for ESPN spin-off may be a tough sell at Disney Read More »
By Ross Kerber (Reuters) – A global group of investors and pension funds have said they will push top corporate water users to address financial risks and protect resources, citing widespread droughts and severe weather. The Valuing Water Finance Initiative is the latest led by sustainability investor group Ceres to bring pressure corporations on environmental …
Global investor group to pressure corporations on water risks Read More »
By Lucy Raitano LONDON (Reuters) -Investors are still bearish but no longer “apocalyptically” so, according to Bank of America’s (BofA) monthly survey of global fund managers in August, as hopes rise inflation and interest rates shocks will end in the coming quarters. BofA, which polled investors overseeing $836 billion in assets between Aug. 5-11, said …
Investors no longer ‘apocalyptically bearish’, BofA poll says Read More »
(Reuters) -U.S. regulators have been peppering firms offering funds that are marketed as sustainable with queries for several months, including how they lend out their shares and whether they recall them before corporate elections, Bloomberg News reported. The U.S. Securities and Exchange Commission’s probe is focused on whether managers of environmental, social and governance (ESG) …
ESG funds face U.S. SEC probe over trading away votes – Bloomberg News Read More »
By Cole Horton (Reuters) – Investors deposited $120 million into U.S. sustainable funds last month, a “tepid” amount of inflows that coincided with a broader retreat from mutual funds and ETFs, researcher Morningstar Inc said on Monday. July marked the second consecutive month of net new deposits for sustainable funds, though they gathered considerably less …
‘Tepid’ demand for U.S. sustainable funds in July, report says Read More »
By Davide Barbuscia NEW YORK (Reuters) – Several major Wall Street banks have begun offering to facilitate trades in Russian debt in recent days, according to bank documents seen by Reuters, giving investors another chance to dispose of assets widely seen in the West as toxic. Most U.S. and European banks had pulled back from …
Exclusive: Wall Street revives Russian bond trading after U.S. go-ahead Read More »
