 | | | | Goldman Sachs Group Inc management is considering whether to scale back financial targets set earlier this year, as the coronavirus pandemic has hindered the bank's business model revamp, analysts and sources inside the bank told Reuters. | | |
| | | A fund trading strategy that tracks hundreds of billions of dollars in assets and often gets blamed for exacerbating market selloffs is facing a challenge from the policy response to the pandemic. But fund managers said they are adapting, and new money is flowing in. | | |
| | | The U.S. bank sector has been pummeled this year but investors hunting for bargains there may need deep reserves of patience as banks are particularly sensitive to low interest rates, the uneven economic recovery and the muddy stimulus outlook. | | |
| | | Wealthy Americans are scrambling to change their estate plans before year-end, worried that Democrat Joe Biden will win the U.S. presidential election and raise taxes, say financial advisers to the moneyed set. | | |
| | | Billionaire investor Carl Icahn said on Thursday the energy sector will bounce back one day but shareholders need to be very patient and he is not urging people to buy. | | |
| | | Five Democratic U.S. senators on Thursday asked BlackRock Inc to justify why it rarely supported shareholder resolutions tied to climate change issues despite its increased focus on the environment this year. | | |
| | | U.S.-based taxable bond funds attracted $15.3 billion in the week to Wednesday, according to Lipper, the biggest weekly net inflow in such bond funds in data back to 1992. | | |
| | | Investment manager Keith Meister said on Thursday the utilities sector is a sensible place to invest and pitched Exelon Corp as a favorite idea because it is cheap, well-positioned in its sector and because he expects change at the company. | | |
| | | A top executive at Institutional Shareholder Services does not forecast big changes in how the firm interacts with clients and others after the U.S. government earlier this year adopted new rules on how proxy advisers like ISS advise in corporate votes. | | |
| | | ValueAct Capital Management, a long-time investor in Citigroup Inc, threw its weight behind the third largest U.S. bank in an unusually public way on Thursday by saying its share price could double in the near term. | | |
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