By Suzanne McGee (Reuters) – Cathie Wood, founder and CEO of ARK Investment Management, defended the strategy of the firm’s money-losing flagship fund, telling investors in a letter releas[...]
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July 10, 2024
Ackman says his firm will put $500 million into Pershing Square USA
By Svea Herbst-Bayliss NEW YORK (Reuters) – Bill Ackman’s firm Pershing Square Capital Management will put $500 million into its new U.S.-listed investment holding company, the hedge fund[...]
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US watchdog proposes requiring help before mortgage foreclosures
(Reuters) -The top U.S. watchdog agency for consumer financial protection announced on Wednesday proposed regulations it said would require mortgage servicers to offer help to borrowers in difficulty[...]
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Gen Z consumers in the US rely on parents as inflation squeezes budgets, study shows
By Makailah Gause (Reuters) – Gen Z adults in the U.S. face increasing financial challenges because of inflation and rising living costs, with 46% relying on financial assistance from their pare[...]
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