Fund giant BlackRock 'warming up' to European assets
BlackRock's Investment Institute said on Tuesday it was "warming up" to European assets following what it called the eurozone's "impressive" efforts to tackle the coronavirus.
Column: What would private equity funds in 401(k)s mean for retirement savers?
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 income mutual funds that automatically rebalance to minimize risk as retirement approaches.
Column: Spend or hoard? Fate of forced savings could define pandemic recovery - Mike Dolan
(The is editor-at-large for finance and markets at Reuters News. Any views expressed here are his own)
U.S. money market assets decreased in latest week: iMoneyNet
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.
Ackman says hedge fund up 27% year to date, dumped Berkshire
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 a number of companies he already owned and dumped Warren Buffett's Berkshire Hathaway among other stocks.
Column: What COVID-19 is teaching us about how to reform Medicare
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 and death from the virus, the problems in our Medicare system that were evident pre-pandemic have come into especially sharp relief.
Starboard set to win eight board seats at GCP Applied Technologies-sources
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 matter said on Wednesday.
U.S. bank regulator finalizes new community lending rule
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 shutting fund; an outlier or sign of future risk?
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 depending on how the economy fares.
Presidential Material: Life Lessons with Bellamy Young
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” before it ended last year.