Employer retirement plans are not known for their flashy investments – a majority of 401(k) investors these days use target date funds that invest in broad, diversified equity and fixed (…Read More)
U.S. money market fund assets decreased by $24.84 billion to $4.668 trillion in the week ended June 9, the Money Fund Report said on Wednesday.
(The author is editor-at-large for finance and markets at Reuters News. Any views expressed here are his own)
The COVID-19 pandemic has put a bright spotlight on weaknesses in many of the systems designed to protect Americans from risks. But with older people more susceptible to serious illness (…Read More)
William Ackman’s hedge fund is boasting double-digit gains at a time many portfolios have sunk along with the economy during the coronavirus pandemic, after the billionaire investor plowed cash into…
Billionaire investor William Ackman told investors on Wednesday that his funds have gained as much as 27% this year and that the stocks he already owns are still cheap after (…Read More)
Hedge fund Starboard Value LP is close to having eight directors elected to the board of GCP Applied Technologies Inc at the chemical company’s annual meeting, people familiar with the (…Read More)
Northern Trust Corp’s decision to liquidate a $1.8-billion prime money market fund was seen as an outlier event by industry analysts on Wednesday, but one that could portend more problems (…Read More)
Human Interest, which helps small and medium-sized businesses set up 401K plans for employees, said on Wednesday it had extended its Series C funding round to $50 million due to (…Read More)
A U.S. banking regulator announced on Wednesday it had finalized work on a long-running effort to change community lending standards for banks.
Northern Trust Corp said it will liquidate a $1.8 billion prime money market fund, one of a number to come under stress this year as investors withdraw cash.
Small businesses are among the hardest hit as the coronavirus pandemic continues to cause economic uncertainty in communities across the United States.
U.S.-based stock funds posted $3.2 billion in inflows in the week ended on Wednesday, according to Lipper.
Miami-area direct lending firm TCA Fund Management Group Corp and its affiliates reached a settlement with U.S. securities regulators over allegations of fraudulent revenue recognition that inflated…
Global hedge funds posted their biggest monthly gain in more than a decade in April when stocks rocketed higher with the help of government rescue packages designed to fuel growth (…Read More)
U.S.-based stock funds posted $10.8 billion in outflows in the week ended ON Wednesday, according to Lipper.
Some dividend fund managers are wading back into the shares of battered railroad stocks, energy companies and other economically sensitive, cyclical names, even as a host of companies have slashed…
U.S. jobless claims have exceeded 30 million since the coronavirus outbreak hit the country, wiping out a decade of job gains and sending many Americans scrambling to find work and (…Read More)
U.S. money market fund assets increased by $72.69 billion to $4.652 trillion in the week ended April 28, the Money Fund Report said on Wednesday.
If you were laid off in April, the health insurance from your job may stop at the end of the month. Then what?