U.S. households across the board built up savings during the pandemic, but low-income households are burning through their cash more quickly than higher-income families and could be out of savings soon if more aid is not delivered, according to a study released on Wednesday.
(Reuters) -U.S. custodian bank State Street Corp is exploring options for its asset management business, including a merger with a competitor, as it seeks to gain scale, Bloomberg News reported on Friday, citing people familiar with the matter.
The U.S. Department of Labor on Friday finalized a rule requiring pension funds to vote on shareholder proposals only when there is an economic reason, a change that would curb investors from casting their ballots on many corporate proxies.
BofA said on Friday that its wealth management clients further increased allocation to equities in their portfolios last week, closing in on the record levels seen in March 2015, as they prepare for stronger returns in 2021.
Morgan Stanley said on Friday that it expects the FTSE 250 index to drop 6% to 10% if Britain fails to agree a trade deal with the European Union before the end of a transition period.
Fraud risk analyst Rajendran Raj was used to the odd out-of-hours alert from authorities, but a call one Saturday in March heralded a new era, of tackling criminals seeking to cash in on coronavirus.
Biopharmaceutical company Alkermes responded to pressure from activist investment firm Elliott Management on Thursday with a broad plan designed to boost returns.
The distribution of the COVID-19 vaccine suggests the U.S. economy will be stronger six-to-twelve months from now, as the vaccine spurs economic activity and saves jobs. Investors should place their reopening bets now, Payne Capital Management President Ryan Payne told Reuters Business Correspondent Conway G. Gittens.
RiverFront Investment Group's Kevin Nicholson plans to keep an eye on the Federal Reserve next week, which is expected to tweak its bond-buying program to ensure long-term interest rates remain low. Nicholson also told Reuters Business Correspondent Conway G. Gittens that investors will be watching for any sign on movement in D.C. stimulus talks.
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