Back to top


More News

Daily News

Below please find daily updates pertaining to the latest in financial, business, and tax news:

Reuters Money

Prominent investors stock up on eBay, then activists flex muscle

Thu, Feb 14, 2019

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 for the e-commerce company that they established new or... ...

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

Thu, Feb 14, 2019

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 thought, as he prepares to relaunch Vinik Asset... ...

Big hedge funds dumped China stocks, Apple as market tumbled

Thu, Feb 14, 2019

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 cratered during the fourth quarter,... ...

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

Thu, Feb 14, 2019

Warren Buffett's Berkshire Hathaway Inc said it has trimmed its stake in iPhone maker Apple Inc, though none of the selling was Buffett's, and added positions in Canada's Suncor Energy Inc and... ...

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

Thu, Feb 14, 2019

U.S. fund investors added another $18.7 billion to money market funds during the latest week, likely putting the low-risk funds on track for a third straight quarter of positive demand, Lipper data... ...

Charlie Munger targets active managers, Elon Musk; praises China

Thu, Feb 14, 2019

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 to court... ...

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

Thu, Feb 14, 2019

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 Revenue Service data released on... ...

'Robo-adviser' Wealthfront launches cash account

Thu, Feb 14, 2019

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 cash account with a rate on... ...

New York fund manager pleads guilty to Belize airport scam

Wed, Feb 13, 2019

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 being used to build an international airport in... ...

Slower growth no reason to quit China: Epoch's Van Valen

Wed, Feb 13, 2019

Slower overall growth is the new normal for China, but the globe’s second largest economy still holds much promise for choosy foreign investors, according to U.S. portfolio manager Kera Van Valen,... ...