Financial news

Northern Trust shutting fund; an outlier or sign of future risk?

Northern Trust Corp's decision to liquidate a $1.8-billion prime money market fund was seen as an outlier event by industry analysts on Wednesday, but one that could portend more problems depending...

Retirement services provider Human Interest extends funding round to $50 million

Human Interest, which helps small and medium-sized businesses set up 401K plans for employees, said on Wednesday it had extended its Series C funding round to $50 million due to more demand during...

U.S. bank regulator finalizes new community lending rule

A U.S. banking regulator announced on Wednesday it had finalized work on a long-running effort to change community lending standards for banks.

Your small business and COVID-19 questions, answered

Small businesses are among the hardest hit as the coronavirus pandemic continues to cause economic uncertainty in communities across the United States.

U.S.-based stock funds post $3.2 billion weekly inflow: Lipper

U.S.-based stock funds posted $3.2 billion in inflows in the week ended on Wednesday, according to Lipper.

US money market assets increased in latest week: iMoneyNet

U.S. money market fund assets increased by $26.28 billion to $4.716 trillion in the week ended May 12, the Money Fund Report said on Wednesday.

Florida business lender accused of accounting fraud settles with SEC

Miami-area direct lending firm TCA Fund Management Group Corp and its affiliates reached a settlement with U.S. securities regulators over allegations of fraudulent revenue recognition that inflated...

Global hedge funds post April gains but still negative for the year: data

Global hedge funds posted their biggest monthly gain in more than a decade in April when stocks rocketed higher with the help of government rescue packages designed to fuel growth stalled by the...

U.S. stock funds shed $10.8 million in week: Lipper

U.S.-based stock funds posted $10.8 billion in outflows in the week ended ON Wednesday, according to Lipper.

US money market assets increased in latest week: iMoneyNet

U.S. money market fund assets increased by $37.80 billion to $4.690 trillion in the week ended May 5, the Money Fund Report said on Wednesday.

Fund managers fish for dividend plays amid sharp cuts

Some dividend fund managers are wading back into the shares of battered railroad stocks, energy companies and other economically sensitive, cyclical names, even as a host of companies have slashed...

Your unemployment questions, answered

U.S. jobless claims have exceeded 30 million since the coronavirus outbreak hit the country, wiping out a decade of job gains and sending many Americans scrambling to find work and cash in on...

US money market assets increased in latest week: iMoneyNet

U.S. money market fund assets increased by $72.69 billion to $4.652 trillion in the week ended April 28, the Money Fund Report said on Wednesday.

Fear, sticker shock over health insurance greet laid-off workers

If you were laid off in April, the health insurance from your job may stop at the end of the month. Then what?

Scaramucci's SkyBridge hit with heavy redemption requests as fund fell: letter

Investors in SkyBridge Capital asked for hundreds of millions of dollars back after the fund suffered a 23% loss in March when investments made by its debt-focused hedge fund managers soured, Anthony...

Your Money: Stimulus check confusion? Common questions, answered

In a little over a year, when Americans file their 2020 tax returns, much of what is going on with coronavirus-linked stimulus payments will finally add up.

Venture firm Benchmark raises new fund without early Uber investor: source

The Silicon Valley venture capital firm known for its early backing of companies such as Uber Technologies Inc is raising a new fund, but without one of its most prominent general partners, a source...

Battered U.S. oil ETF to diversify investment in later-dated oil contracts

The United States Oil Fund LP, the largest oil-focused exchange-traded product (ETP) in the country, is moving to spread out its investments in oil futures in response to extreme market turbulence,...

Securities group asks SEC to intervene for brokers in audit-trail database fight

U.S. brokers should not be forced to sign an agreement that could make them liable for breaches of a massive new industry trading database that they have no control over, a leading financial industry...

Some U.S. fund managers risk long-term bets on tanking oil sector

Some U.S. fund managers are attempting what seems like an impossible task: making bets on the stocks and bonds of energy companies at a time when oil futures have sunk to historic lows and a swelling...

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