By Mark Miller (Reuters) – Many people on Medicare look the other way when the program’s annual enrollment period rolls around, preferring simply to ignore the hassle. But for thousands of senio[...]
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Hedge fund investors pull $80 billion from industry in 2023 – Aurum
By Nell Mackenzie LONDON (Reuters) – The hedge fund industry saw a net $80 billion of outflows for the year to Oct. 18, even as it raked in net profits of about $119 billion, hedge fund speciali[...]
Read moreNew Biden target in junk fee crackdown: retirement advisers
By Jarrett Renshaw and Trevor Hunnicutt (Reuters) -The U.S. Biden administration on Tuesday sought to impose new rules on retirement plan providers to close loopholes that officials argue allow the in[...]
Read moreEquity hedge funds cut risk in portfolios, less confidence in rallies
By Carolina Mandl NEW YORK (Reuters) -U.S. equity long/short hedge funds have cut to six year lows the level at which swings in the S&P 500 affect their profits or losses, as portfolio managers ar[...]
Read moreBitcoin soars to near 18-month high as ETF speculation mounts
By Tom Wilson and Tom Westbrook LONDON/SINGAPORE/NEW YORK (Reuters) -Bitcoin rose by nearly 10% on Tuesday to $34,872, its highest in nearly a year-and-a-half, on mounting speculation that an exchange[...]
Read moreEU securities watchdog warns investors over crypto market protections
By Huw Jones LONDON (Reuters) – Investors will not be protected under European Union cryptoasset market rules until at least the end of 2024, and even then they should still be ready to lose all[...]
Read moreHedge funds short food, beverage and tobacco stocks amid soaring bond yields -Goldman Sachs
By Nell Mackenzie LONDON (Reuters) – Global hedge funds last week sold food, beverage and tobacco company stocks at the fastest pace in 11 weeks, a Goldman Sachs note said, as these stocks, view[...]
Read moreWells Fargo lifts interest income forecast as profit exceeds estimates
By Noor Zainab Hussain, Manya Saini and Saeed Azhar (Reuters) -Wells Fargo beat analysts’ third-quarter profit estimates and raised its annual forecast for income from interest payments on Frida[...]
Read moreThese tips can help Gen Z avoid online financial scams
By Chris Taylor When you think of those most likely to get scammed online, what kind of person comes to mind? You might automatically think of Baby Boomers, many of whom are above 60 and are typically[...]
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