 | | | | Warren Buffett's Berkshire Hathaway Inc said on Monday it has begun investing in the stocks of four large drugmakers, betting on an industry that could benefit when the world begins emerging from the coronavirus pandemic. | | |
| | | The U.S. Justice Department on Tuesday charged a Florida-based wealth adviser, a convicted felon using the name Dr. Terrence Cash, with fraudulently inducing individuals to invest in his "Greenlight"-branded wealth management businesses. | | |
| | | Crispin Odey is to step back from running his London-based hedge fund firm as part of an overhaul of the group and instead focus on managing money for clients, the firm said on Tuesday. | | |
| | | Jeffrey Gundlach, the billionaire chief executive of DoubleLine investment firm, said in a pre-election webcast on Monday that he is bearish on long-dated bonds like the 30-year Treasury. | | |
| | | Hedge funds upped bets against Canadian energy companies in the run-up to Tuesday's U.S. presidential election, regulatory filings reviewed by Reuters showed. | | |
| | | The U.S. Department of Labor on Friday finalized a rule clarifying that pension fund managers must put retirees' financial interests first when allocating investments, rather than other concerns such as climate change or racial justice. | | |
| | | Large Wall Street banks have been running "war game" drills in their trading businesses and preparing clients for unexpected scenarios around the U.S. election next week, hoping to avoid liquidity crunches or technical errors as markets react to news of who will be running the White House and Congress, industry sources said. | | |
| | | The $20 trillion U.S. Treasury market is showing signs of life after months of sleepy trading, as opposing bets on how the economy will perform clash amid fresh worries over COVID-19 and jitters over Tuesday’s presidential election. | | |
| | | Two Goldman Sachs Group Inc money-market funds, whipsawed in March by billions of dollars of investor withdrawals, have steadily amassed a liquidity cushion much larger than rivals, as the $4.35 trillion industry braces for the outcome of the U.S. presidential election and another global surge in coronavirus cases. | | |
| | | Citigroup Inc said on Thursday it had issued the largest-ever private-sector social bond for affordable housing, part of a more than $1 billion initiative announced earlier this year to combat racial inequality. | | |
|
| |
