Financial News You Can Depend On

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...

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...

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...

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...

Retirement services provider Human Interest extends funding round to $50 million


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 more demand during...

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.

Your small business and COVID-19 questions, answered


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 post $3.2 billion weekly inflow: Lipper


U.S.-based stock funds posted $3.2 billion in inflows in the week ended on Wednesday, according to Lipper.

US money market assets increased in latest week: iMoneyNet


U.S. money market fund assets increased by $26.28 billion to $4.716 trillion in the week ended May 12, the Money Fund Report said on Wednesday.

Florida business lender accused of accounting fraud settles with SEC


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 post April gains but still negative for the year: data


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 stalled by the...

U.S. stock funds shed $10.8 million in week: Lipper


U.S.-based stock funds posted $10.8 billion in outflows in the week ended ON Wednesday, according to Lipper.

US money market assets increased in latest week: iMoneyNet


U.S. money market fund assets increased by $37.80 billion to $4.690 trillion in the week ended May 5, the Money Fund Report said on Wednesday.

Fund managers fish for dividend plays amid sharp cuts


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...

Your unemployment questions, answered


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 cash in on...

US money market assets increased in latest week: iMoneyNet


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.

Fear, sticker shock over health insurance greet laid-off workers


If you were laid off in April, the health insurance from your job may stop at the end of the month. Then what?

Scaramucci's SkyBridge hit with heavy redemption requests as fund fell: letter


Investors in SkyBridge Capital asked for hundreds of millions of dollars back after the fund suffered a 23% loss in March when investments made by its debt-focused hedge fund managers soured, Anthony...

Your Money: Stimulus check confusion? Common questions, answered


In a little over a year, when Americans file their 2020 tax returns, much of what is going on with coronavirus-linked stimulus payments will finally add up.

Venture firm Benchmark raises new fund without early Uber investor: source


The Silicon Valley venture capital firm known for its early backing of companies such as Uber Technologies Inc is raising a new fund, but without one of its most prominent general partners, a source...

Bond Report: Treasury yields edge higher as U.S. economic data less severe than expected


Treasury yields edged up on Thursday as analysts suggested a raft of U.S. data was not as bad as anticipated, offering modest relief to investors looking for signs that the economy was on the mend.

Trump executive order to punish social-media platforms is largely toothless, legal experts say


President Donald Trump on Thursday signed an executive order ostensibly to prevent online censorship, a broad government review of private companies’ activities with potentially grave consequences for social-media companies.

Market Snapshot: Dow books a 150-point loss after President Trump says he will hold Friday news conference on China


Stocks close lower Thursday, skidding into negative territory in the final hour of trade, after President Donald Trump said he would hold a news conference on China on Friday, rattling investors who had been enjoying a rally on optimism about an economic recovery from the coronavirus pandemic.

Trump Today: Trump signs order aimed at curbing social-media companies amid brawl with Twitter


President Donald Trump on Thursday signed an executive order he says will limit liability protections enjoyed by social-media companies, as he escalated a fight with Twitter over its fact checks of his statements.

Costco’s earnings hit by extra expenses from wages, cleaning amid coronavirus pandemic


Costco stock falls in the extended session Thursday after the retailer misses Wall Street expectations for its fiscal third quarter, during which it spent nearly $300 million in wages and extra sanitation amid the coronavirus pandemic.

Outside the Box: Sorry Bill Ackman, truth is you’re probably not Warren Buffett’s ideal investor


Berkshire Hathaway chairman and famed stock-picker values long-term ‘high-quality’ shareholders, writes Lawrence Cunningham.

Salesforce shares dip 3% on light revenue, earnings guidance Inc. shares were down 3% in after-hours trading Thursday after the enterprise-content platform reported fiscal first-quarter results that were largely in line with Wall Street estimates but offered guidance that fell short.

Key Words: John Krasinski tries explaining to furious fans why he sold ‘Some Good News’ to CBS


His free weekly YouTube series ‘just wasn’t sustainable’

Market Extra: Why it might be a gamble for companies to borrow directly from the Fed


The Federal Reserve wants to give U.S. companies the option of borrowing directly from the central bank over the next few months to help offset the pandemic, but the offer comes with stings attached.

The Margin: Tom Brady is selling ‘a part of the Brady family’ for $300,000


The NFL legend probably isn’t in the market for a typical home in Tampa Bay, where the median runs costs about $250,000, but if he were, he could use the proceeds of his SUV sale and still have plenty left over for some new golf pants.


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