28.4 F
New York City
January 17, 2020

Home » Funds

Funds

Reuters - Business

Exclusive: China’s Ant aims for $200 billion price tag in private share sales – sources

Reuters
by Reuters01
HONG KONG/BEIJING (Reuters) – Ant Financial [ANTFIN.UL] shares are being offered privately at levels which value the Chinese financial giant at $200 billion, two people with knowledge of the discussions said, lifting it up the ranks of the most valuable unlisted companies. FILE PHOTO: Employees are seen at the reception......
Read more
Reuters - Business

Which company just hit $1 trillion? Google it.

Reuters
by Reuters07
NEW YORK (Reuters) – As Google-parent Alphabet Inc (GOOGL.O) 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 on the stock’s extraordinary gains. FILE PHOTO: The logo......
Read more
Reuters - Business

U.S. clean energy investment hits new record despite Trump administration views

Reuters
by Reuters03
LONDON (Reuters) – Clean energy investment in the United States surged to a fresh record of $55.5 billion last year, despite the government’s attempts to roll back supportive policies, a report showed on Thursday. FILE PHOTO: File photo: A wind farm is shown in Mojave, California, U.S., Nov 8, 2019.......
Read more
Reuters - Business

S&P 500 crosses 3,300 on Morgan Stanley earnings, tech rally

Reuters
by Reuters06
(Reuters) – U.S. stock indexes hit record highs on Thursday, with the S&P 500 crossing the 3,300 mark for the first time, as upbeat earnings from Morgan Stanley and a tech rally added to optimism from an initial U.S.-China trade deal. Morgan Stanley’s (MS.N) shares jumped 5.6% after the Wall......
Read more
Reuters - Business

Wall St set for fresh highs on trade deal, Morgan Stanley earnings

Reuters
by Reuters07
(Reuters) – U.S. stocks were poised to open at record highs on Thursday, after the United States and China signed an initial trade agreement and Morgan Stanley wrapped up big bank earnings on a strong note. The benchmark S&P 500 .SPX was set to open above 3,300 mark for the......
Read more
Reuters - Business

Trade deal touts financial sector wins; China to scrap securities business cap faster

Reuters
by Reuters02
WASHINGTON/HONG KONG (Reuters) – The long-awaited U.S.-China trade deal touted new wins for U.S. companies looking to access China’s $40 trillion financial sector, but many of the changes were already in the works with Beijing stepping up the pace of opening up in the past year. Under the deal, China......
Read more
Reuters - Business

Factbox: Foreign investment banks with majority stakes in China units

Reuters
by Reuters03
HONG KONG (Reuters) – The world’s biggest investment banks will be able to wholly own their China securities businesses from April 1 as the U.S.- China Phase 1 trade deal accelerates a previous deadline for removing foreign ownership caps by nine months. FILE PHOTO: A UBS advertisement is displayed on......
Read more
Reuters - Business

Dow closes above 29,000 after China and U.S. sign trade truce

Reuters
by Reuters03
(Reuters) – The Dow ended above 29,000 for the first time on Wednesday and the S&P 500 also closed at a record high after the United States and China signed a Phase 1 trade agreement and pledged to resolve a tariff dispute that has roiled Wall Street for over a......
Read more
Reuters - Business

Wall Street set to open lower as investors weigh trade deal, earnings

Reuters
by Reuters08
(Reuters) – U.S. stocks were set to open lower on Wednesday ahead of the release of details of an initial U.S.-China trade deal, with investors also digesting the latest earnings reports from big U.S. banks. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in......
Read more
Reuters - Business

Goldman Sachs profit misses estimates on higher costs, weak M&A

Reuters
by Reuters06
(Reuters) – Goldman Sachs Group Inc (GS.N) on Wednesday reported quarterly profit that missed analysts’ estimates by a wide margin, hurt by weakness in its investment banking business and higher operating costs. FILE PHOTO: The ticker symbol and logo for Goldman Sachs is displayed on a screen on the floor......
Read more
Reuters - Business

Wells Fargo’s new chief promises more change as profit slumps

Reuters
by Reuters04
(Reuters) – Wells Fargo & Co’s (WFC.N) profit slumped 55% in the fourth quarter as new boss Charles Scharf set aside another $1.5 billion for legal costs related to the bank’s sales scandal and promised “fundamental changes.” FILE PHOTO: A Wells Fargo logo is seen at the SIBOS banking and......
Read more
Reuters - Business

JPMorgan profit gets boost from trading, underwriting

Reuters
by Reuters08
FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar/Files (Reuters) – JPMorgan Chase & Co (JPM.N), the largest U.S. bank, posted a 21% rise in quarterly profit on Tuesday, driven by strength in its......
Read more
Reuters - Business

India’s Supreme Court asks crime fighting agency to seize local assets of JPMorgan: report

Reuters
by Reuters03
FILE PHOTO: A J.P. Morgan logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith MUMBAI (Reuters) – India’s Supreme Court on Monday directed the government’s crime fighting agency to seize local assets of JPMorgan in relation to some transactions the bank engaged in with a local......
Read more
Reuters - Business

The real price of Occidental’s ‘costless’ oil hedge

Reuters
by Reuters06
(Reuters) – In just 12 days, Occidental Petroleum Corp pulled off one of the biggest hedges against falling oil prices ever placed by a U.S. energy company. It characterized the transaction as “costless” but a Reuters review of regulatory filings, market data and interviews shows that’s not the whole story.......
Read more
Reuters - Business

As businesses hold back, U.S. consumers seen boosting big banks’ profits

Reuters
by Reuters06
NEW YORK (Reuters) – Consumer lending is expected to propel profits for big U.S. banks when they unveil fourth-quarter results this week, though stress in corporate lending and uneven capital markets may cast a shadow over results. FILE PHOTO: Signs of JP Morgan Chase Bank, Citibank and Wells Fargo &......
Read more
Reuters - Business

Goldman Sachs finally launches app for online bank Marcus

Reuters
by Reuters015
FILE PHOTO: The ticker symbol and logo for Goldman Sachs is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., December 18, 2018. REUTERS/Brendan McDermid/File Photo NEW YORK (Reuters) – Goldman Sachs Group Inc launched a long-awaited app this week for......
Read more
Reuters - Business

China’s Geely in talks to take stake in Britain’s Aston Martin: FT, source

Reuters
by Reuters07
(Reuters) – China’s Geely Automobile Holding (0175.HK) is in talks with Aston Martin (AML.L) management and investors about taking a stake in the iconic British luxury carmaker, according to a source familiar with the discussions and the Financial Times on Friday. FILE PHOTO: An Aston Martin logo is pictured at......
Read more
Reuters - Business

Goldman Sachs renames business units ahead of quarterly results

Reuters
by Reuters02
FILE PHOTO: The ticker symbol and logo for Goldman Sachs is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., December 18, 2018. REUTERS/Brendan McDermid (Reuters) – Goldman Sachs Group Inc (GS.N) said on Tuesday it renamed its main business units......
Read more
Reuters - Business

Left’s Citron hedge fund posts 43% gain in first year

Reuters
by Reuters07
BOSTON (Reuters) – Andrew Left, who has long targeted companies that he thinks are over-valued through his work at Citron Research, told investors on Monday that his new hedge fund returned 43% after fees in 2019, its first year in business. FILE PHOTO: Andrew Left, the founder of Citron Research,......
Read more
Reuters - Business

Wall Street rattled by Middle East tensions, energy shares jump

Reuters
by Reuters010
(Reuters) – U.S. stocks fell for a second session on Monday, led by financial and technology stocks, as escalating tensions between the United States and Iran pushed investors toward safe-haven assets such as gold and government bonds. FILE PHOTO: A trader works at the New York Stock Exchange (NYSE) in......
Read more

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Click whichever is suitable. Accept Read More