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May 7, 2021

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Global equity funds see big weekly inflows on recovery hopes – Lipper

Reuters
Global equity funds attracted massive inflows of investments in the week ending on May 5, boosted by strong corporate earnings and rising hopes of a faster global economic recovery. According to Refinitiv Lipper data, global equity funds attracted $12.9 billion worth of inflows, the highest amount in three weeks. Cyclical......

Still missing a stimulus check? What to know about claiming the funds

CNBC
CNBC – For more and to sign up click here The U.S. government has sent billions of dollars in stimulus checks to Americans since the onset of the Covid-19 pandemic. Yet some people may still be asking, “Where is my money?” If you feel that you may have been left......

Iran, US agree to prisoner swap and release of frozen funds, says Lebanese pro-Iranian channel; no confirmation

Reuters
Iran will free four Americans accused of spying in exchange for four Iranians held in the United States and the release of $7 billion in frozen Iranian funds, a Lebanese pro-Iranian TV channel, Al Mayadeen, said on Sunday, citing unnamed Iranian officials. Iranian state media cited the report without confirming......

Pentagon to cancel Trump border wall projects using military funds

Reuters
Former U.S. President Donald Trump speaks at the Conservative Political Action Conference (CPAC) in Orlando, Florida, U.S. February 28, 2021. REUTERS/Joe Skipper The Pentagon on Friday said it was canceling the construction of parts of former President Donald Trump’s border wall with Mexico that were being built using military funds,......

There’s no hotter area on Wall Street than ESG with sustainability-focused funds nearing $2 trillion

CNBC
CNBC – For more and to sign up click here Sustainability-focused funds attracted record inflows during the first quarter, pushing global assets under management in ESG funds to nearly $2 trillion, according to a report from Morningstar released Friday. The rise underscores the momentum behind ESG investing, or when environmental,......

Edwards lays out his priorities for $1.6B in federal funds

WashingtonExaminer
USA TODAY – For more and to sign up click here Gov. John Bel Edwards wants to spend Louisiana’s first $1.6 billion in federal American Rescue Plan money on infrastructure, tourism and unemployment benefits. The governor’s announcement Thursday added more detail to his administration’s previously stated priorities for the first......

Turkish crypto exchange boss goes missing, reportedly taking $2 billion of investors’ funds with him

CNBC
CNBC – For more and to sign up click here A visual representation of the cryptocurrency Bitcoin on November 21, 2020 in London, England. Jordan Mansfield | Getty Images LONDON — A Turkish cryptocurrency exchange is offline and its CEO has reportedly gone missing, leaving thousands of investors worried that......

BlackRock quarterly profit beats estimates as assets rise over $9 trln

Reuters
FILE PHOTO: A sign for BlackRock Inc hangs above their building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson/File Photo (Reuters) -BlackRock Inc, the world’s largest asset manager, reported first-quarter profit ahead of Wall Street estimates as strong capital markets helped attract more money to its diverse funds. The......

Bank of America profit more than doubles on reserve release boost

Reuters
FILE PHOTO: A Bank of America logo is pictured in the Manhattan borough of New York City, New York, U.S., January 30, 2019. REUTERS/Carlo Allegri/File Photo (Reuters) – Bank of America Corp reported a jump in first-quarter profit that breezed past estimates on Thursday as it released reserves it had......

Goldman Sachs profit soars on global deals frenzy, trading boom

Reuters
(Reuters) – Goldman Sachs Group Inc surged past Wall Street expectations for first-quarter profit on Wednesday, as the U.S. investment banking giant capitalized on record levels of global dealmaking and a coronavirus-driven boom in equity trading. An unprecedented boom in private firms merging with listed shell companies to go public......

Toshiba shares surge on imminent CEO resignation, bidding war expectations

Reuters
TOKYO (Reuters) – Shares in Japan’s Toshiba Corp surged on Wednesday, propelled higher by reports of more plans of bids for the conglomerate and expectations that its embattled chief executive would soon resign. FILE PHOTO: Toshiba Corp CEO Nobuaki Kurumatani attends a news conference at the company’s headquarters in Tokyo,......

Exclusive: GameStop initiates search for new CEO – sources

Reuters
(Reuters) – GameStop Corp is looking for a new chief executive to replace George Sherman as it pivots from being a brick-and-mortar video game retailer to an e-commerce firm, three people familiar with the matter said on Monday. FILE PHOTO: A GameStop store is seen in the Jackson Heights neighborhood......

UK investors expand anti-slavery push to construction, materials sectors

Reuters
LONDON (Reuters) – A UK investor coalition that presses companies to unearth modern-day slavery in their supply chains said on Monday it was going to expand its campaign into the construction and materials sectors. FILE PHOTO: Construction workers are seen working at a site in London, following the outbreak of......

Swiss watchdog asked Credit Suisse on Greensill risks: SonntagsZeitung

Reuters
FILE PHOTO: The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021. REUTERS/Arnd Wiegmann//File Photo/File Photo ZURICH (Reuters) – The head of Switzerland’s financial regulator FINMA questioned Credit Suisse over risks in its dealings with now-insolvent finance firm Greensill Capital “months” before......

Indiana Legislature passes bill to protect monuments, withhold funds from cities that allow their destruction

WashingtonExaminer
USA TODAY – For more and to sign up click here The Indiana General Assembly passed a bill today allowing the state to withhold money from cities that fail to protect monuments and memorials from vandalism and destruction. The bill, authored by Sen. Eric Koch, R-Bedford, lays out a new......

Big $40 million options trade bets on near-term stock market tumble

Reuters
NEW YORK, April 8 (Reuters) – A massive trade in the U.S. options market on Thursday appears to be betting that the calm enveloping U.S. stocks in recent weeks will give way to a big rise in volatility over the next three months. One or more traders laid out a......

Analysis: Mexico vs Brazil: Populist presidents confound investors

Reuters
NEW YORK (Reuters) – When a left wing populist and a far-right lawmaker rose to power in Latin America’s two largest economies, investors thought they knew who was going to show them the money. FILE PHOTO: Brazil’s President Jair Bolsonaro looks on during a ceremony at the Sao Sebastiao neighbourhood......

Breakingviews – Capital Calls – Jean Raby exit leaves Natixis ruing M&A dreams

Reuters
The Natixis logo is seen on a building in Charenton-le-Pont near Paris, France, April 29, 2020. LONDON (Reuters Breakingviews) – DAMP SQUIB. Natixis boss Nicolas Namias will be left ruing what might have been. On Tuesday the $15 billion French bank announced the exit of Jean Raby, who ran its......

Climate change protesters break windows at Barclays London HQ

Reuters
LONDON (Reuters) – Protesters against climate change broke windows at the London headquarters of Barclays in the Canary Wharf business district on Wednesday. The activists from the Extinction Rebellion group carried placards with slogans such as “Better Broken Windows than Broken Promises” and pasted the message “In Case of Climate......

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