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February 18, 2019
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Prominent investors stock up on eBay, then activists flex muscle

February 15, 2019 - by admin - Leave a Comment

NEW YORK (Reuters) – EBay Inc.’s stock price slumped for most of last year but a number of prominent hedge funds were so convinced that change is on the horizon …

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Jeff Vinik offers fee cuts to help bring in cash for new fund

February 15, 2019 - by admin - Leave a Comment

NEW YORK (Reuters) – Prominent U.S. investor Jeffrey Vinik is promising potential clients a cut in fees and said that it had been tougher to raise money than he initially …

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Money News

Big hedge funds dumped China stocks, Apple as market tumbled

February 14, 2019 - by admin - Leave a Comment

NEW YORK (Reuters) – Prominent hedge fund managers sold out of Chinese technology stocks and dumped Silicon Valley majors such as Apple Inc and Facebook Inc while global stock markets …

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Money News

Berkshire trims Apple stake, adds Suncor and Red Hat, exits Oracle

February 14, 2019 - by admin - Leave a Comment

(Reuters) – Warren Buffett’s Berkshire Hathaway Inc said it trimmed its stake in iPhone maker Apple Inc, its largest stock investment, and added positions in Canada’s Suncor Energy Inc and …

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U.S. fund investors charge into money market funds: Lipper

February 14, 2019 - by admin - Leave a Comment

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 13, 2019. REUTERS/Brendan McDermid NEW YORK (Reuters) – U.S. fund investors added another …

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Charlie Munger targets active managers, Elon Musk; praises China

February 14, 2019 - by admin - Leave a Comment

(Reuters) – Charlie Munger, the longtime business partner of Warren Buffett at Berkshire Hathaway Inc, on Thursday criticized active fund managers, bankers and even Elon Musk as he urged investors …

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U.S. tax refunds down nearly 9 percent vs year ago: IRS data

February 14, 2019 - by admin - Leave a Comment

WASHINGTON (Reuters) – The average U.S. tax refund under President Donald Trump’s tax overhaul is down nearly 9 percent so far in this year’s tax filing season, according to Internal …

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‘Robo-adviser’ Wealthfront launches cash account

February 14, 2019 - by admin - Leave a Comment

NEW YORK (Reuters) – Wealthfront, one of the largest digital wealth management firms known as “robo-advisers”, said on Thursday it is expanding its suite of financial products by introducing a …

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Money News

New York fund manager pleads guilty to Belize airport scam

February 14, 2019 - by admin - Leave a Comment

NEW YORK (Reuters) – A New York investment manager pleaded guilty on Wednesday to running a $21.9 million fraud in which he falsely told dozens of investors their money was …

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Money News

Morgan Stanley’s global head of macro trading in fixed income to retire

February 13, 2019 - by admin - Leave a Comment

A sign is displayed on the Morgan Stanley building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson NEW YORK (Reuters) – Morgan Stanley’s global head of macro trading in …

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