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By Lewis Krauskopf and Sinéad Carew NEW YORK (Reuters) – Shares of U.S. retailers and consumer-oriented stocks took a beating last week, but may not yet be low enough to tempt long-term investors who remain worried about whether surging inflation will continue to hurt corporate bottom-lines and cause shoppers to cut back. Last week, consumer …

Analysis-Beaten-down U.S. retail stocks may still be too pricy for investors Read More »

By Lindsay Dunsmuir and Ann Saphir (Reuters) – U.S. households reported their highest level of financial well-being since tracking began almost a decade ago and the gains late last year were felt across all racial and ethnic groups, a Federal Reserve report released on Monday showed, a sign of both the benefits and risks of …

U.S. households felt financially flush going into 2022, Fed says Read More »

ZURICH (Reuters) – Clients are tending to keep to the sidelines amid market volatility, UBS Chief Executive Ralph Hamers told broadcaster CNBC in an interview on Monday. “You see that clients are not necessarily disengaging from the market, they are still engaged but they are not adding to it, so more or less on the …

UBS CEO says clients on sidelines amid market volatility Read More »

By Chris Taylor NEW YORK (Reuters) – More than one million American lives have been lost to the COVID pandemic, a staggering milestone. The challenge, of course, is that America’s Type-A, hard-charging culture is famously bad at coping with the emotional realities of pain and loss. Even so, grief does not have to derail your …

A manual for grief: How to handle loss at work Read More »

By Svea Herbst-Bayliss (Reuters) -Melvin Capital, once one of Wall Street’s most successful hedge funds which then lost billions in the meme stock saga, will shut down after it was hit again by this year’s market slump. Gabe Plotkin, widely regarded as one of the industry’s best traders after posting years of double digit returns, …

Melvin Capital to shut after heavy losses on meme stocks, market slump Read More »

By Saikat Chatterjee LONDON (Reuters) – Assets under management held by global fixed income exchange traded funds are expected to triple to $5 trillion by 2030, according to the world’s largest asset manager, BlackRock. BlackRock said it believes the global bond ETF industry is poised to reach $2 trillion in 2023, despite currently “challenging macroeconomic …

Global bond ETF industry to triple to $5 trillion by 2030 – BlackRock Read More »

(Reuters) – An investment group chaired by former U.S. Vice President Al Gore on Wednesday launched a $1.7 billion fund to take minority stakes in private companies focused on what it called a sustainable future. Generation Investment, co-founded by Gore, said it has $36 billion under management in private- and public-company funds that focus on …

Al Gore’s Generation Investment launches $1.7 billion fund Read More »

By David Henry NEW YORK (Reuters) -In an unusual rebuke for Jamie Dimon, CEO of JPMorgan Chase & Co, shareholders on Tuesday clearly disapproved of the special $52.6 million stock option award directors gave him last year to stay on the job for at least five more years. In an advisory say-on-pay referendum, only 31% …

JPMorgan shareholders vote disapproval of CEO Dimon’s special payout Read More »

(Reuters) – Archegos Capital Management founder Bill Hwang has asked for a probe into Morgan Stanley to review if someone at the bank tipped off outsiders of the firm’s plan to buy Futu Holdings Ltd stock in bulk, according to a Bloomberg News report on Tuesday. Archegos had alerted U.S. authorities of a short squeeze …

Archegos’ Bill Hwang asks for Morgan Stanley probe after costly short squeeze – Bloomberg News Read More »