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July 1, 2022

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Buckle Up: How investors can deal with crypto turbulence

Reuters
Representations of cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple, Litecoin are placed on PC motherboard in this illustration taken, June 29, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register NEW YORK, June 30 (Reuters) – When Doug Milnes started buying cryptocurrencies in January of this year, he......

Unilever sells Ben & Jerry’s Israeli business to defuse BDS row

Reuters
JERUSALEM, June 29 (Reuters) – Unilever (ULVR.L) on Wednesday sold its Ben & Jerry’s ice cream business in Israel to its local licensee for an undisclosed sum, aiming to smooth over a potentially damaging diplomatic row over the company’s political stance. The deal comes after the U.S. ice cream brand......

Raft of U.S. banks raise dividends after stress tests

Reuters
BANGALURU/NEW YORK, June 27 (Reuters) – Morgan Stanley (MS.N), Goldman Sachs (GS.N), Bank of America (BAC.N)and Wells Fargo (WFC.N) hiked their dividends on Monday while JPMorgan & Chase (JPM.N) kept its payout flat, after the U.S. banks cleared their annual stress test exerciselast week. The U.S. FederalReserve said on Thursday......

Marine Serre stretches style traditions at Paris Fashion Week

Reuters
PARIS, June 25 (Reuters) – French label Marine Serre sent athletes and artists to stroll a track field runway on Saturday evening, showcasing a sport-inspired wardrobe infused with artistic references in an all-ages, open-to-the-public fashion show. Like Olympic opening ceremonies, delegations succeeded one another. First up was a squad of......

Warren Buffett charity lunch fetches winning bid of $19 mln

Reuters
June 17 (Reuters) – A lucky, and likely wealthy, person bid more than $19 million to dine with Warren Buffett, in the 21st and final time that the billionaire businessman auctioned a private lunch to benefit a San Francisco charity. The winning bid in the eBay auction that ended on......

Cosmetics company Revlon files for bankruptcy protection

Reuters
A Public Safety officer keeps watch as people stand in front of a billboard owned by Revlon that takes their pictures and displays them in Times Square in the Manhattan borough of New York October 13, 2015. REUTERS/Carlo Allegri Register now for FREE unlimited access to Reuters.com Register June 16......

Morgan Stanley CEO sees 50% chance of U.S. recession

Reuters
NEW YORK, June 13 (Reuters) – There is a 50% chance the U.S. economy will enter a recession though any downturn is unlikely to be severe, Morgan Stanley (MS.N) CEO James Gorman said on Monday, warning of a “bumpy” ride ahead for investors. “It’s possible, probably 50-50 odds now,” Gorman......

Wall Street regulator to spell out push to overhaul stock trading -sources

Reuters
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler testifies before a Senate Banking, Housing, and Urban Affairs Committee oversight hearing on the SEC on Capitol Hill in Washington, U.S., September 14, 2021. REUTERS/Evelyn Hockstein Register now for FREE unlimited access to Reuters.com Register WASHINGTON/NEW YORK, June 8 (Reuters) –......

U.S. bars investors from buying Russian debt, stocks on secondary market

Reuters
WASHINGTON/LONDON, June 7 (Reuters) – The U.S. Treasury Department has banned U.S. money managers from buying any Russian debt or stocks in secondary markets on top of its existing ban on new-issue purchases, in its latest sanctions on Moscow over its invasion of Ukraine. Despite Washington’s sweeping sanctions in recent......

Citadel, AQR’s flagship portfolios far outpacing broader stock market

Reuters
A Wall Street sign outside the New York Stock Exchange in New York City, New York, U.S., October 2, 2020. REUTERS/Carlo Allegri Register now for FREE unlimited access to Reuters.com Register NEW YORK, June 6 (Reuters) – Hedge funds AQR and Citadel posted rises in their flagship portfolios last month......

Dimon warns of U.S. economic ‘hurricane’ as inflation pressures rise

Reuters
June 1 (Reuters) – Jamie Dimon, Chairman and Chief Executive of JPMorgan Chase & Co (JPM.N) described the challenges facing the U.S. economy akin to an “hurricane” down the road and urged the Federal Reserve to take forceful measures to avoid tipping the world’s biggest economy into a recession. Dimon’s......

Capri raises profit forecast as shoppers splurge on Versace, Michael Kors

Reuters
People walk by a Michael Kors store in Lakewood, Colorado June 1, 2016. REUTERS/Rick Wilking Register now for FREE unlimited access to Reuters.com Register June 1 (Reuters) – Capri Holdings Ltd (CPRI.N) raised its profit forecast for the full year on Wednesday, signaling robust demand for its Versace dresses and......

Tullow Oil merges with Capricorn in $827 mln all-share deal

Reuters
Workers walk past storage tanks at Tullow Oil’s Ngamia 8 drilling site in Lokichar, Turkana County, Kenya, February 8, 2018. REUTERS/Baz Ratner/File Photo Register now for FREE unlimited access to Reuters.com Register Capricorn investors get 3.8068 Tullow shares for each share Combined group to have output of around 100,000 boe/d......

Fashion industry needs to pick up pace on climate goals, says report

Reuters
People stand next to the window of a fashion boutique in a shopping district in Tokyo, Japan, May 30, 2016. REUTERS/Thomas Peter/File Photo Register now for FREE unlimited access to Reuters.com Register PARIS, May 31 (Reuters) – The 30 largest listed fashion firms must do more to hit Paris climate......

U.S. SEC unveils rules to ensure ESG funds’ investments fall in line with their names, policies

Reuters
WASHINGTON/BOSTON, May 25 (Reuters) – The U.S. Securities and Exchange Commission (SEC) on Wednesday will vote to propose a pair of rule changes aimed at stamping out unfounded claims by funds on their environmental, social and corporate governance (ESG) credentials, and enforcing more standardization of such disclosures. The proposals, which......

Amazon.com faces record challenges at shareholder meeting

Reuters
Potential job applicants line up to register for “Amazon Jobs Day,” a job fair being held at 10 fulfillment centers across the United States aimed at filling more than 50,000 jobs, at the Amazon.com Fulfillment Center in Fall River, Massachusetts, U.S., August 2, 2017. REUTERS/Brian Snyder/File Photo Register now for......

Manhattan return-to-office plans face persistent headwinds over COVID, safety

Reuters
The Empire State Building and New York’s skyline are seen from the SUMMIT One Vanderbilt observation deck in Midtown Manhattan, in New York City, New York, U.S., October 18, 2021. REUTERS/Eduardo Munoz Register now for FREE unlimited access to Reuters.com Register NEW YORK, May 24 (Reuters) – Efforts by financial......

Tesla cut from S&P 500 ESG Index, and Elon Musk tweets his fury

Reuters
May 18 (Reuters) – An S&P Dow Jones Indices executive told Reuters on Wednesday it has removed electric carmaker Tesla Inc (TSLA.O) from the widely followed S&P 500 ESG Index (.SPXESUP)because of issues including claims of racial discrimination and crashes linked to its autopilot vehicles, and Tesla CEO Elon Musk......

Wells Fargo sees end-of-year U.S. recession, cuts GDP view

Reuters
A person pushes a shopping cart in a supermarket in Manhattan, New York City, U.S., March 28, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register May 18 (Reuters) – Wells Fargo Investment Institute said on Wednesday it reduced its economic expectations with a mild U.S. recession......

Swiss release some frozen Russian assets

Reuters
1,000-Swiss-franc banknotes lie in a box at a Swiss bank in Zurich, April 9, 2019. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register ZURICH, May 12 (Reuters) – The Swiss government on Thursday reported 6.3 billion Swiss francs ($6.33 billion) worth of Russian assets frozen under sanctions......

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