Wealth
LATEST NEWS FROM WEALTH
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Hedge fund Viking reopens flagship fund after a decade -sources
U.S.-based Viking Global Investors has reopened its flagship long/short hedge fund for new capital after being closed for more than a decade, according to three people familiar wit...
Wealth
Mothers may know best when it comes to money
Whether they actively teach us about finances, or we just observe how they handle the business of life, mothers can have a massive influence on our financial lives.
Wealth
You're late on your taxes. Now what?
For most Americans, this past April 18 was a day to get those tax forms in and perhaps reluctantly write some checks.
Wealth
Former hedge fund manager Scott Bommer to launch $2 bln Blackstone fund
Former hedge fund manager Scott Bommer is set to launch a hybrid hedge fund and private equity fund under Blackstone Group (BX.N) with close to $2 billion in assets, two sources cl...
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White House says child tax credit should boost economy, offset unemployment phaseout
The Biden administration expects the start of child tax credit payments in July to provide a solid boost to the U.S. economy that should more than offset a halt in extra unemployme...
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The cost of caregiving: When financial and emotional stress compound
When Lynda Steele's father was diagnosed with Alzheimer's a couple of years ago, she faced an impossible choice.
Wealth
Activist fund Barington pushes for change at Chico's, again
Activist investor Barington Capital Group on Monday urged Chico's FAS (CHS.N) to explore strategic options for its brands and said the apparel chain's board should add new members ...
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TD Ameritrade limits trading on AMC Entertainment
TD Ameritrade put in place trading limitations on AMC Entertainment Holdings' (AMC.N) shares, the retail brokerage's website showed on Friday.
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Santander to pump up payments business in bid to boost valuation
Santander (SAN.MC) expects to triple revenues in its payments business PagoNxt to around 1 billion euros ($1.2 billion) in the next few years as it moves to compete with major play...
Wealth
Siemens Energy says it has no plans for full Siemens Gamesa takeover
Siemens Energy (ENR1n.DE) said on Tuesday it has no current plans to buy the one third of wind turbine maker Siemens Gamesa (SGREN.MC) it does not already own, denying a Spanish ne...
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Investors rush to buy inflation protection - BOfA
Investorsare loading up on inflation protection, while starting to grow more cautious on rate-sensitive tech stocks as fears grow of a price uptick that may force the U.S. Fed to b...
Wealth
Buffett and Munger heap criticism on Robinhood for casino-like atmosphere
Warren Buffett on Saturday likened the millions of inexperienced day traders who entered the stock market in the past year to gamblers, and said commission-free brokerages such as ...
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Analysis: DIY deals: How private equity firms buy assets from themselves
What's a fair price when you are selling something to yourself? On Wall Street, that's not a trick question.
Wealth
U.S. CFPB scrutinizes Texas mortgage firm’s ’100s of thousands’ of duplicate payments
The U.S. Consumer Financial Protection Bureau (CFPB) said on Tuesday it was taking immediate action to understand and resolve how "hundreds of thousands" of mortgage borrowers' ban...
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Goldman's digital hedge-fund matchmaking push boosted by lockdowns
Goldman Sachs' long-planned online migration of some lucrative prime-brokerage businesses picked up steam during the pandemic as hedge funds and investors working from home were un...
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Legion pushes board fight at OneSpan after settlement offer rejected
Legion Partners Asset Management on Wednesday said it is pushing ahead with a proxy contest to seat four directors on OneSpan's board after the cybersecurity firm rejected a settle...
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YOUR MONEY How to think like a breadwinner
While men have traditionally held the title of "breadwinner," times are changing. These days, moms are the sole or primary provider for their households more than 40% of the time.
Wealth