Tuesday, June 15, 2021

Reuters Global Investor: Loeb's U.S. hedge fund Third Point owns Vivendi stake -source

Loeb's U.S. hedge fund Third Point owns Vivendi stake -source

Billionaire hedge fund manager Daniel Loeb's Third Point owns a substantial stake in Vivendi SE (VIV.PA) and is "evaluating" the French media giant's plan to sell a stake in its Universal Music Group to rival billionaire investor William Ackman, a source familiar with the firm's holdings said on Monday.

Breaking up Big Tech in focus as new U.S. antitrust bills introduced

A bipartisan group of lawmakers in the U.S. House of Representatives introduced four bills on Friday aimed at reining in the power of the tech giants, with one potentially leading to their break-up.

U.S. household wealth jumps to record $136.9 trillion, Fed says

U.S. household wealth jumped to a record $136.9 trillion at the end of March, a report from the Federal Reserve showed on Thursday, suggesting plenty of dry tinder for economic growth as the coronavirus pandemic recedes and the nation reopens.

GameStop falls 27% on potential share sale, other 'meme stocks' falter

Shares of GameStop Corp (GME.N) lost more than a quarter of their value on Thursday and other so-called meme stocks also declined in a sell-off that hit a broad range of names favored by retail investors.

Online trading group CMC plans expansion into wealth management

British online trading group CMC Markets (CMCX.L) on Thursday set out plans to launch a wealth management platform, going head to head with existing players such as Hargreaves (HRGV.L) and AJ Bell (AJBA.L), after reporting a doubling in annual profits.

Thomson Reuters shareholder support for human rights review rises

A shareholder proposal for Thomson Reuters Corp (TRI.TO) to review human rights issues emerging from its U.S. government contracts gained increased investor support but failed to win approval at the company's annual meeting on Wednesday.

Morgan Stanley appoints E*Trade leaders to top wealth division jobs

Morgan Stanley (MS.N) appointed several executives from E*Trade to senior roles on Wednesday in a leadership shuffle that brings leaders from the online broker into the top ranks of the firm's wealth management division, according to a memo seen by Reuters.

The crypto-space needs more regulation to grow, Novogratz says

More regulation of the cryptocurrency space is needed to help institutional investors become more comfortable with digital assets and have the burgeoning asset class really take off, Mike Novogratz, founder of crypto investment firm Galaxy Digital said on Wednesday.

Private equity vows to help the world. Lenders want proof

Words can be cheap in the market for loans, now some lenders want to change that.

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.

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