Thursday 26 September 2019

Wealth manager Moneyfarm wins Poste Italiane, Allianz backing

Reuters.com Newsletter

Wealth manager Moneyfarm wins Poste Italiane, Allianz backing

Digital wealth management company Moneyfarm said on Thursday it had raised 36 million pounds ($44.4 million) from Poste Italiane and Allianz Asset Management in its latest funding round.

Your Money: How to make seniors smarter about financial scams

If you are seriously ill and homebound, or starting to be prone to forgetfulness, do you have someone you trust with your ATM code to run out and get you some cash?

Factbox: U.S. lawsuits take aim at vaping

Several deaths and potentially hundreds of illnesses tied to e-cigarettes, which allow users to inhale nicotine vapor, often flavored, without smoking, have been reported by U.S. health agency. Lawsuits on behalf of young consumers have been filed against e-cigarette maker Juul Labs Inc and others are expected amid increasing scrutiny.

Timeline: Significant events in the history of Juul

The following are some significant events in the history of Juul.

Fidelity fund's big bet on Juul looms large amid controversy

Juul Labs Inc has become one the biggest bets in the portfolio of Fidelity's $28 billion Blue Chip Growth Fund, whose exposure to the troubled e-cigarette maker has climbed to $761 million amid a regulatory backlash and departure of its top executive.

Investors race into U.S. stock funds with largest weekly surge since June

Investors jumped back into mutual funds and exchange-traded funds that hold U.S. stocks last week by sending approximately $11.8 billion in net assets into the category, the greatest weekly surge into domestic equities since early June, according to data released Wednesday by the Investment Company Institute.

Your Money: How to use ETFs as a buffer in volatile markets

When it comes to investing, how much are you willing to put on the line for the biggest possible gains? If bumpy markets are making you nervous, there is a middle ground emerging between being all-in or sitting on the sidelines.

U.S. Labor Department extends overtime pay to 1.3 million U.S. workers

The U.S. Department of Labor on Tuesday issued a long-awaited rule extending mandatory overtime pay for 1.3 million U.S. workers, far fewer than an Obama administration rule that was struck down by a federal judge.

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