By Mark Miller (Reuters) – When the stock market gets volatile, retirement investors are naturally inclined to want to do something about it. We certainly are at such a point now. The S&P 500 has plunged 21.1% so far this year, as of Wednesday’s close. Last week, it lost 5.8%, its biggest weekly percentage drop …
Column-Want to do something about your ailing retirement savings? Don’t Read More »
By Sinéad Carew and Saeed Azhar (Reuters) – With mounting uncertainty around the U.S. economic outlook and the resulting slump in financial markets, Wall Street is easing up on hiring after a recruiting frenzy last year. Wall Street companies including banks like Citigroup Inc, JPMorgan Chase & Co and Wells Fargo & Co were facing …
Analysis-Wall Street’s hiring frenzy eases as worries grow over economy, market slump Read More »
BERLIN (Reuters) – German finance regulator Bafin on Wednesday said it had ordered an audit of Adler Real Estate’s approved 2021 consolidated financial statements and the summary management report. There were first indications that relationships and business transactions with close individuals and companies had possibly not been reported correctly, Bafin said in a statement. (Reporting …
German finance regulator orders audit of Adler’s 2021 annual report Read More »
By Katanga Johnson and Ross Kerber WASHINGTON/BOSTON (Reuters) – Business associations for top U.S.-listed companies have pushed back against a landmark proposal by the Securities and Exchange Commission (SEC) to make corporate America disclose a range of greenhouse gas emission figures. Groups including the U.S. Chamber of Commerce, the Bank Policy Institute, the National Association …
Analysis-Corporate America looks for leeway on U.S. climate disclosures Read More »
By Chuck Mikolajczak NEW YORK (Reuters) – Investors in the volatile U.S. stock market are preparing for what may be one of the heaviest trading days of the year on Friday, as FTSE Russell completes the rebalancing of indexes that are tracked by trillions of dollars in investor funds. FTSE Russell refreshes the components of …
Friday’s Russell rebalance may stoke more volatility in nervous stock market Read More »
By Tom Wilson, Elizabeth Howcroft, Nupur Anand and Ece Toksabay LONDON/MUMBAI/ANKARA (Reuters) – For Jeremy Fong, U.S. crypto lender Celsius was an ideal place to stash his digital currency holdings – and earn some spending money from its double-digit interest rates along the way. “I was probably earning $100 a week,” at sites like Celsius, …
Crypto’s latest meltdown leaves punters bruised and bewildered Read More »
By Iain Withers and Carolyn Cohn LONDON (Reuters) – The trillion-dollar retail investment express is losing steam, dampening the fortunes of British trading platforms that boomed during lockdowns on the back of a meme stocks frenzy. Many stock-pickers are steering clear of a turbulent market as living costs rise and the economy teeters, squeezing the …
Investment platforms face hangover after pandemic party Read More »
By Julie Gordon OTTAWA (Reuters) – The number of Canadians who own cryptoassets is growing rapidly and efforts to regulate the sector need to start keeping pace, a senior Bank of Canada official said, noting many people may not understand the risk of investing in products like bitcoin. The issue is growing more pressing as …
Crypto regulation efforts need to keep pace with market growth -Bank of Canada official Read More »
(Reuters) -U.S. household wealth declined for the first time in two years in the first quarter of 2022 as a drop in the stock market overwhelmed continued gains in home values, a Federal Reserve report on Thursday showed. Household net worth edged down to $149.3 trillion from a record $149.8 trillion at the end of …
U.S. household wealth drops for first time in 2 years Read More »
(Reuters) – Investors holding depositary receipts in Russia’s sanctioned top banks are facing difficulties in converting them into shares after the European Union targeted Russia’s national clearing house with sanctions, sources and analysts told Reuters. Russia’s National Settlement Depository (NSD) was sanctioned last Friday, scuppering Moscow’s plan to use it to service the country’s Eurobonds, …
Depositary receipt holders of Russia’s Sberbank, VTB face conversion headache Read More »
