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Jan 17, 2020
As Google-parent Alphabet Inc became on Thursday the fourth U.S. company to top a market value of more than $1 trillion, some funds holding its shares are wondering whether now is the time to cash in...
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Jan 15, 2020
Hedge funds that push for change at corporations stepped up their demands for asset spin-offs and sales last year, making them part of nearly half of all activist investor campaigns waged in 2019,...
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Jan 15, 2020
Investor Jeffrey Ubben, already betting there is money to be made from coaxing corporations into being better citizens, gained an ally on Tuesday when BlackRock Inc chief Laurence Fink told companies...
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Jan 14, 2020
As the 1st Brigade Combat Team of the U.S. 82nd Airborne Division departed for the Middle East amid rising tensions with Iran, their divisional commander gave a simple order. All personnel entering...
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Jan 14, 2020
Emotions -- and expenses -- often run high during a divorce, but people and their bank accounts can bounce back given enough time. A new study from Fidelity Investments, released Tuesday, shows that...
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Jan 13, 2020
If you have gone to Goldman Sachs Group Inc's internet home page since mid-December, it would be reasonable to wonder if you had stumbled into some kind of parallel universe.
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Jan 07, 2020
The window is closing on the chance to avert a pension meltdown that will slash the retirement benefits of more than a million U.S. workers.
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Jan 02, 2020
It is hardly a secret that people rarely stick to New Year's resolutions - only about 8% of people actually make it to the finish line with their goals, according to studies from the University of...
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Dec 24, 2019
Exchange-traded funds that use leverage to offer double or triple the daily return of benchmark U.S. stock indexes rank among the 10 top-performing funds of the decade, with returns that in some...
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Dec 22, 2019
Activist hedge fund Marcato Capital Management, backed by Blackstone Group and billionaire William Ackman, is shutting down as assets have shriveled after two years of poor returns, sources said on...
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Dec 20, 2019
D.E. Shaw's Orienteer platform, the backbone of the $50 billion investment firm's multi-asset class offerings, posted high double-digit returns this year, the best ever in its six year lifetime.
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Dec 19, 2019
(The opinions expressed here are those of the author, a columnist for Reuters.)
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Dec 18, 2019
The U.S. Securities and Exchange Commission on Wednesday proposed changes to its decades-old definition of a professional investor in order to allow more Americans to buy shares in private companies.
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Dec 18, 2019
The U.S. Securities and Exchange Commission on Wednesday proposed changes to its decades-old definition of a professional investor in order to allow more Americans to buy shares in private companies.
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Dec 18, 2019
U.S. fund investors started closing the books on 2019 by withdrawing more than $10.9 billion from mutual funds and exchange-traded funds that hold domestic stocks last week, the largest pullback...
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Dec 17, 2019
It is not often that a spending bill in Congress will make regular Americans run to their financial planners for emergency help before the holidays. But the Senate is poised to pass a spending bill...
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Dec 17, 2019
The United States may not have had a woman president quite yet, but on TV it certainly has. One of those was Mellie Grant, the character played by Bellamy Young on the Shonda Rhimes hit "Scandal"...
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Dec 16, 2019
It sounds counterintuitive, but members of Generation Z will have to focus on human connections if they want to compete with robots for the jobs of the future.
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Dec 13, 2019
Tax-loss harvesting is all about finding losers in your investment portfolio to offset winners so you pay less tax.
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Dec 12, 2019
Two U.S. banking regulators unveiled a proposed overhaul to community lending standards on Thursday, kicking off a contentious policy fight over the proper way to ensure banks are supporting...
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Dec 10, 2019
The U.S. dollar's next big move will be lower, which could lead to a significant fall in U.S. bond prices and a slew of downgrades, Jeffrey Gundlach, chief executive of DoubleLine Capital said on...
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Dec 10, 2019
BlackRock Investment Institute said on Tuesday it was cautiously rotating into cyclical assets, Japanese equities and emerging markets.
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Dec 09, 2019
Billionaire investor William Ackman's hedge fund Pershing Square Capital Management has made a new bet on testing equipment company Agilent Technologies Inc, according to a regulatory filing made on...
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Dec 05, 2019
Rivulet Capital, a large investor in Instructure Inc, on Thursday said it will resist the U.S. educational software company's plan to sell itself to private equity firm Thoma Bravo for $2 billion,...
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Dec 04, 2019
The co-managers of the best stock mutual fund of this decade work out of a small office in Los Angeles, rarely talk with the financial media and have never appeared as guests on CNBC looking to raise...
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Dec 03, 2019
U.S. banking regulators said on Tuesday that lenders must have robust compliance tools in place to ensure "responsible use" of non-traditional sources of financial data to help determine whether a...
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Dec 03, 2019
The U.S. consumer watchdog on Tuesday proposed making permanent an exemption that allows certain banks and credit unions to estimate the international remittance fees they charge consumers in...
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Nov 29, 2019
U.S. equity stock funds saw $390 million in outflows in the week ended on Wednesday, the fourth straight week of outflows for such funds, according to data released by Lipper on Friday.
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Nov 27, 2019
Four years ago, PayPal set out to break the Guinness World Record for the most money raised online for charity in 24 hours.
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Nov 26, 2019
The private banking business of HSBC Holdings PLC is aggressively pursuing double-digit growth in client assets and revenue, riffing off a surge in Asian wealth, the unit's chief executive told...
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Nov 26, 2019
Citadel's commodities investments are up at least $1 billion for the year, according to three sources familiar with the matter, helping to drive strong overall performance at one of the world's...
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Nov 26, 2019
Harris Rosen has a chain of eight hotels bearing his name in the Orlando area, but he makes most of his headlines these days for giving away his fortune.
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Nov 26, 2019
Morgan Stanley Infrastructure Partners' offer for PNE which values the German renewable firm at 306 million euros ($337 million) is too low, small shareholders group SdK said on Tuesday.
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Nov 25, 2019
First the bad news for your wallet: Americans are slated to spend more than they ever have this holiday season - around $730 billion in November and December, according to the National Retail...
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Nov 21, 2019
U.S. equity funds saw $3.6 billion in outflows in the week ended on Wednesday, according to data released on Thursday by Lipper.
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Nov 21, 2019
Firefly Value Partners on Thursday asked Gulfport Energy for a seat on its board and criticized the "half-measures" which the U.S. gas exploration and production company is taking to improve its...
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Nov 21, 2019
Louis Moore Bacon, the billionaire hedge fund manager whose macroeconomic bets on currencies, interest rates and other securities earned his Moore Capital Management LP double-digit returns over 30...
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Nov 21, 2019
Louis Moore Bacon, the billionaire hedge fund manager known for his prescient macroeconomic bets over more than three decades, plans to return money from outside investors in Moore Capital...
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Nov 21, 2019
Veteran U.S. money manager Louis Bacon plans to close his New York-based hedge fund Moore Capital Management and return capital to investors, the Financial Times reported...
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Nov 20, 2019
Investors pulled approximately $3.4 billion out of mutual funds and exchange traded funds that hold U.S. equities last week, extending the largest sustained pullback from the domestic stock market in...
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Nov 20, 2019
Sovereign wealth funds regained their appetite for equities in the third quarter, piling into passively managed stocks in the United States and equities in mainland China and elsewhere, according to...
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Nov 19, 2019
Specialized fund managers who pioneered green investing for decades are missing out on some of the spoils as the sector goes mainstream and large firms move in.
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Nov 19, 2019
Most people's basic knowledge of investing is that their portfolio should be a mix of stocks and bonds.
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Nov 14, 2019
How interested are people in trading stocks for free?
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Nov 12, 2019
(The opinions expressed here are those of the author, a columnist for Reuters.)
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Nov 08, 2019
The average annual compensation for non-executive directors at S&P 500 companies rose 2 percent to $304,856 last year, topping $300,000 for the first time and 43 percent higher than it was 10 years...
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Nov 08, 2019
The world's richest people became a little less well off last year, according to a report by UBS and PwC, as geopolitical turmoil and volatile equity markets reduced the wealth of billionaires for...
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Nov 08, 2019
When Hartmut Braune comes to work in security communications at SAP, he never knows what emergency will land in his inbox.
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Nov 08, 2019
The world's richest people became a little less well off last year, according to a report by UBS and PwC, as geopolitical turmoil and volatile equity markets reduced the wealth of billionaires for...
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Nov 07, 2019
(The writer is a Reuters contributor; the opinions expressed are his own.)
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Nov 06, 2019
U.S. investors last week pulled $4.1 billion from mutual funds and exchange-traded funds that hold domestic stocks, extending a pullback from the U.S. equities market that has now lasted for five of...
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Nov 05, 2019
At a time when U.S. utilities face pressure to rely more on renewable energy, a well-known investor in the space said it is equally important to judge companies by their spending on less glamorous...
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Nov 01, 2019
Rock-bottom interest rates may be great for lots of people - but not for savers.
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Oct 31, 2019
(The opinions expressed here are those of the author, a columnist for Reuters.)
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Oct 28, 2019
AT&T Inc on Monday unveiled a three-year strategic plan that included selling up to $10 billion worth of businesses next year, paying off all its debt from the purchase of Time Warner and adding two...
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Oct 28, 2019
Fisher Investments founder Ken Fisher said there will be no lay-offs at his Washington state investment firm despite some $3 billion in withdrawals by pension funds and others over allegedly sexist...
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Oct 25, 2019
A Texas retirement system and Goldman Sachs Group Inc pulled a combined $584 million from Fisher Investments on Friday, after allegations that firm founder Ken Fisher made sexist comments at a...
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Oct 25, 2019
Goldman Sachs Group Inc became the latest large investor to drop Fisher Investments after allegedly sexist remarks by firm founder Ken Fisher, according to a regulatory filing on Friday.
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Oct 25, 2019
Artificial intelligence is approaching critical mass at the office, but humans are still likely to be necessary, according to a new study by executive development firm, Future Workplace, in...
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Oct 24, 2019
The Los Angeles fire and police pension system voted to terminate Fisher Investments on Thursday over allegedly sexist comments made by founder Ken Fisher earlier this month.
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Oct 24, 2019
U.S. equity funds shed $3.98 billion in the week ended Wednesday, according to data released by Lipper on Thursday.
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Oct 24, 2019
Billionaire investor Daniel Loeb said on Thursday his hedge fund owns a $700 million stake in Ray-Ban maker EssilorLuxottica SA and is urging the company to "accelerate leadership transitions".
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Oct 23, 2019
Money manager Jeffrey Vinik said on Wednesday he was shutting down his stock-picking hedge fund, citing unexpected difficulties raising cash for the decision to end a much-hyped but short-lived...
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Oct 23, 2019
U.S. money market fund assets increased by $18.00 billion to $3.437 trillion in the week ended Oct 22, the Money Fund Report said on Wednesday.
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Oct 23, 2019
Your job does not have to be physically demanding to literally be a pain in the neck, or knee, or lower back.
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Oct 22, 2019
Top pension consultant NEPC said it questions the "sustainability" of Fisher Investments, in a memo sent to NEPC clients and seen by Reuters News on Tuesday.
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Oct 22, 2019
U.S. companies are responding to the lowest unemployment rate in almost 50 years by increasing their focus on automation in order to maintain healthy margins as labor costs tick higher, a Reuters...
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Oct 22, 2019
Top pension consultant NEPC recently issued a client recommendation to terminate Fisher Investments, the New Hampshire Retirement System said on Tuesday.
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Oct 21, 2019
Fidelity Investments has dropped Fisher Investments as a money manager, a Fidelity spokesman said on Monday, the latest in an accelerating series of withdrawals from the firm over allegedly sexist...
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Oct 20, 2019
China on Monday unexpectedly kept unchanged its new benchmark lending rate, suggesting Beijing is keen to avoid overly loosening monetary policy for fear it may push up already-high debt levels...
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Oct 20, 2019
China's state planner in September more than doubled its approval for fixed-asset investment projects, as Beijing looks to step up support for an economy expanding at the slowest pace in nearly three...
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Oct 20, 2019
Many privately held firms in Shandong, China's third-biggest province by economic output, are struggling to repay short-term debt due to declining industry fundamentals, entangled cross guarantees...
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Oct 20, 2019
China on Monday unexpectedly kept unchanged its new benchmark lending rate, for the first time since its debut in August, suggesting Beijing is keen to avoid overly loosening monetary policy for fear...
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Oct 18, 2019
Fallout from Kenneth Fisher's alleged insensitive remarks about women escalated on Friday when a large Iowa pension plan cut ties with the money manager, whose firm has lost more than $1 billion in...
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Oct 18, 2019
A $34 billion Iowa pension plan on Friday said it will terminate an investment contract with Kenneth Fisher, whose alleged insensitive remarks about women has cost his firm more than $1 billion in...
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Oct 18, 2019
SEI Investments Co on Friday said it is reviewing its business relationship with the firm of money manager Kenneth Fisher, after he allegedly made insensitive remarks about women at a recent...
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Oct 17, 2019
AT&T and Elliott Management are talking about issues the activist hedge fund raised last month when it pushed for change at the U.S. telecommunications and media conglomerate, two people familiar...
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Oct 17, 2019
Over the past decade or so, Goldman Sachs Group Inc has watched its annual trading profits fall 84%, as post-financial crisis regulations upended Wall Street. Now, bank executives are hoping they...
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Oct 17, 2019
There are a lot of hard truths about money, but here is one of the hardest: We are really bad at passing along money smarts.
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Oct 17, 2019
U.S. equity funds attracted $4 billion in the week ended Wednesday, the first inflow in four weeks, according to data release by Lipper.
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Oct 17, 2019
Commissioners of a $23 billion Los Angeles fire and police pension fund are ready to drop the firm of money manager Kenneth Fisher, who is under fire for allegedly making insensitive remarks about...
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Oct 17, 2019
Several U.S. boutique investment banks are looking to hire senior staff in Paris in the wake of Britain's departure from the EU and have poached bankers from France's most established advisory firms,...
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Oct 17, 2019
Over the past decade or so, Goldman Sachs Group Inc has watched its annual trading profits fall a whopping 84%, as post-financial crisis regulations upended Wall Street. Now, bank executives are...
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Oct 16, 2019
The City of Boston's retirement board on Wednesday voted unanimously to end its relationship with money manager Kenneth Fisher, whose firm has lost almost $1 billion in assets after allegations he...
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Oct 16, 2019
The City of Boston's retirement board on Wednesday voted unanimously to end its relationship with money manager Kenneth Fisher, whose firm has lost almost $1 billion in assets after allegations he...
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Oct 16, 2019
Boston Mayor Marty Walsh on Wednesday said he has asked the city's retirement board to end its relationship with money manager Kenneth Fisher, who is under fire for comments he made at a recent...
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Oct 16, 2019
Despite tax reforms that changed an important incentive for giving to charities last year, Americans are still giving away record amounts - just from funds they had put aside for donations in...
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Oct 15, 2019
Fidelity Investments on Tuesday said it was reviewing its relationship with money manager Ken Fisher while Philadelphia's board of pensions terminated its business with his firm after he allegedly...
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Oct 15, 2019
Warren Buffett's Berkshire Hathaway Inc is seeking permission from the Federal Reserve to boost its stake in Bank of America Corp above the 10% level, according to an application document provided by...
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Oct 15, 2019
Warren Buffett's Berkshire Hathaway Inc is seeking permission from the Federal Reserve to boost its stake in Bank of America Corp above the 10% level, Bloomberg reported on Tuesday.
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Oct 15, 2019
Hedge fund D.E. Shaw on Tuesday increased the pressure on Emerson Electric Co by publicly urging a breakup of the U.S. industrial conglomerate, a move it says could unlock more than $20 billion worth...
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Oct 11, 2019
Mediobanca's third-biggest investor Leonardo Del Vecchio called for it to get bigger through acquisition on Friday, stepping up his questioning of the Italian merchant bank's strategy.
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Oct 11, 2019
The biggest U.S. banks are expected to kick off the earnings season on a sour note next week due to falling interest rates, which may have pressured net interest margins enough to cause the sector's...
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Oct 11, 2019
UBS Wealth Management said on Friday it still expects the UK government to ask for an extension to the deadline for exiting the European Union and to hold a general election, though it acknowledged...
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Oct 11, 2019
Elliott Management, Paul Singer's $35 billion hedge fund, kept up its blistering pace of pushing for corporate changes during the third quarter, outspending all rivals with campaigns at AT&T and...
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Oct 10, 2019
Fidelity Investments on Thursday eliminated commissions on online trades of U.S. stocks, exchange traded funds (ETFs) and options, becoming the latest brokerage to cut trading fees to compete with...
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Oct 10, 2019
Wells Fargo & Co is boosting its teams that process mortgage loans to prepare for higher mortgage volumes, changing course after it laid off about 1,000 employees...
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Oct 09, 2019
U.S. Treasury yields rose on Wednesday, a day that saw a flood of supply and on optimism for progress in U.S.-China trade negotiations that begin in Washington on Thursday.
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Oct 09, 2019
Investors retreated from the U.S. stock market by unloading nearly $11.8 billion from mutual funds and exchange traded funds that hold domestic equities last week, as concerns about the strength of...
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Oct 09, 2019
Exxon Mobil Corp has appointed Bank of America Merrill Lynch to run the sale of its Malaysian oil and gas assets as the U.S. firm accelerates a vast disposal program, banking and industry sources...
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