By Nell Mackenzie LONDON (Reuters) – Trend-following hedge funds began December in bullish mood, buying U.S., European and Japan stocks, a prime brokerage note from JPMorgan said. The S&P 50[...]
Read more
Articles written by Reuters
Stifel strategists see S&P 500 struggling to gain much ground by mid 2024
By Lewis Krauskopf NEW YORK (Reuters) – The S&P 500 will likely struggle to rise much above current levels into the middle of 2024, as investors rotate away from growth stocks and the Federa[...]
Read more
Goldman: Hedge and mutual funds favour banking and healthcare over tech
By Naomi Rovnick and Nell Mackenzie LONDON (Reuters) – Leading hedge funds and mutual funds are betting on gains outside the tech sector in coming months, Goldman Sachs research shows. The ten s[...]
Read more
Saudi wealth fund to buy 49% of luxury hotel chain Rocco Forte
By Yadarisa Shabong and Elisa Anzolin (Reuters) -Saudi Arabia’s PIF sovereign wealth fund will buy a 49% stake in luxury hotel group Rocco Forte Hotels and help to support its expansion, the own[...]
Read more
Investors flock to US natural gas ETF despite price slump
By Suzanne McGee (Reuters) – Investors have been piling into an exchange-traded fund (ETF) designed to track U.S. natural gas prices, in spite of the commodity’s dismal performance in 2023[...]
Read more
BNY Mellon to raise minimum wage, add mental health benefits
NEW YORK (Reuters) – BNY Mellon will increase its minimum wage next year to $22.50 an hour from $20 and expand mental health benefits for employees, the bank said in a statement on Friday. The p[...]
Read more
US bond investors brace for Fed rate cuts in 2024
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -Bond investors are pricing in imminent Federal Reserve interest rate cuts by the first half of next year, as signs of slowing U.S. economic growth and e[...]
Read more
Average 60/40 portfolio has best month in November since 1991 – BofA
LONDON (Reuters) – November was the best month in over three decades for a classic stock and bond portfolio, as both markets posted their best returns in years, according to a Bank of America Gl[...]
Read more
Nelson Peltz’s Trian to seek at least three Disney board seats, sources say
By Svea Herbst-Bayliss, Dawn Chmielewski and Samrhitha A (Reuters) -Activist investor Nelson Peltz is pushing ahead with plans to seek at least three board seats at Disney as the firm is not satisfied[...]
Read more