By Nell Mackenzie LONDON (Reuters) -A wager that stock markets would stay calm has cost retail traders, hedge funds and pension funds billions after a selloff in global stocks, highlighting the risks[...]
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Aftershocks of carry trade at heart of market rout could still have reverberations
By Carolina Mandl and Laura Matthews NEW YORK (Reuters) -Investors said the aftershocks of a massive carry trade that has reverberated through global financial markets wasn’t done yet, with more[...]
Read moreAmundi’s Q2 net inflows beat estimates on Asian contributions
PARIS (Reuters) -Amundi, Europe’s biggest fund manager, posted better-than-expected quarterly inflows on Friday, driven by its Asian joint ventures amid sustained demand for risk-averse products[...]
Read moreInvestors recoil as this year’s ‘everything rally’ screeches to a halt
By Amanda Cooper and Naomi Rovnick LONDON (Reuters) -Investors are ditching some of this year’s favourite trades as a retreat in the glitzy megacaps risks snowballing into a multi-pronged sellof[...]
Read moreIMF says U.S. should raise taxes, wait until late 2024 to cut rates
By David Lawder WASHINGTON (Reuters) -The International Monetary Fund on Thursday said the U.S. Federal Reserve should not cut interest rates until “late 2024” and the government needs to[...]
Read moreUS watchdog says paycheck advances subject to lending law
(Reuters) -Increasingly popular “earned wage” advances on worker paychecks are consumer loans subject to existing federal laws, the U.S. Consumer Financial Protection Bureau (CFPB) said on[...]
Read moreAnalysis-Nvidia investor dilemma: how much is too much in a stock portfolio?
By David Randall NEW YORK (Reuters) – Outsized positions in artificial intelligence darling Nvidia have boosted portfolio managers’ returns this year but the bets stand to magnify risk if[...]
Read moreFactbox-Brokerages lift S&P 500 target on hopes for soft landing, rate cuts
(Reuters) – Brokerages have raised their year-end targets for U.S. stocks benchmark S&P 500, spurred by expectations of a “soft landing” for the economy and growing odds the Fede[...]
Read moreUS 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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