 | | | | Auto insurer Root Inc, whose stock price tumbled more than 50% since its public listing late last year, is a bargain that is currently misunderstood by investors and should be trading higher, Andrew Left, founder of Citron Research, said on Thursday. | | | | | | Part of the reason why U.S. stocks are struggling for a second straight week may be quarter- and month-end rebalancing by pension funds, which could also keep pressure on equities through the end of March next week. | | | | | | This time it is probably different - or at least for monetary policymakers and markets trying to track them. | | | | | | Activist investor Starboard Value LP said on Monday that it nominated four directors to the board at eHealth Inc only days after the insurer reached a settlement for two seats with another firm. | | | | | | The U.S. Treasury said on Monday it has issued the next round of economic impact payments from President Joe Biden's $1.9 trillion coronavirus stimulus package, with many of the payments being mailed in the form of paper checks and debit cards. | | | | | | Tegna Inc shareholder Standard General LP has called for an investigation into a "racially insensitive" incident involving Chief Executive Dave Lougee and a Black executive, who this year became a candidate for the broadcast company's board. Lougee last week apologized for having mistaken the executive, Adonis Hoffman, for a hotel car valet in 2014, after Hoffman withdrew his candidacy, citing conflict of interest and the incident involving Tegna's CEO. | | | | | | The U.S. Treasury on Wednesday said it has sent 90 million direct payments worth about $242 billion to Americans from President Joe Biden's $1.9 trillion coronavirus relief package, with more payments to be distributed in coming weeks. | | | | | | Far from fighting the Federal Reserve, bond markets have in many ways been remarkably well behaved and are acting right on cue. What's not for the Fed to like? | | | | | | The Cboe Volatility Index, known as Wall Street's "fear gauge," slipped to a fresh COVID-19 pandemic low on Tuesday, as U.S. stocks soared to new highs on expectations that fiscal stimulus and signs of progress in a countrywide vaccination drive will spur a broader economic rebound. | | | | | | Hedge fund Indaba Capital said on Tuesday it had nominated two directors to Benefitfocus Inc's board, and the software company responded a few hours later, saying it had named a veteran human resources executive as a new independent director. | | | | | | Goldman Sachs ranked as the top financial adviser to companies targeted by activist investors in 2020, holding onto the top ranking for the second straight year, according to Refinitiv data published on Monday. | | | | | |
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