Thursday 23 April 2020

Venture firm Benchmark raises new fund without early Uber investor: source

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Venture firm Benchmark raises new fund without early Uber investor: source

The Silicon Valley venture capital firm known for its early backing of companies such as Uber Technologies Inc is raising a new fund, but without one of its most prominent general partners, a source close to the firm said on Wednesday.

Battered U.S. oil ETF to diversify investment in later-dated oil contracts

The United States Oil Fund LP, the largest oil-focused exchange-traded product (ETP) in the country, is moving to spread out its investments in oil futures in response to extreme market turbulence, it said in a filing https://bit.ly/2XWrj3L%E2%80%8B%E2%80%8B%E2%80%8B%E2%80%8B%E2%80%8B%E2%80%8B%E2%80%8B on Wednesday.

Securities group asks SEC to intervene for brokers in audit-trail database fight

U.S. brokers should not be forced to sign an agreement that could make them liable for breaches of a massive new industry trading database that they have no control over, a leading financial industry trade group told regulators on Wednesday.

Your Money: Stimulus check confusion? Common questions, answered

In a little over a year, when Americans file their 2020 tax returns, much of what is going on with coronavirus-linked stimulus payments will finally add up.

Some U.S. fund managers risk long-term bets on tanking oil sector

Some U.S. fund managers are attempting what seems like an impossible task: making bets on the stocks and bonds of energy companies at a time when oil futures have sunk to historic lows and a swelling global glut shows no sign of letting up.

U.S. stock funds see third inflow in a row, high-yield corporate bond funds see record: Lipper

Investors sent record inflows to high-yield corporate bonds and broke a six-week losing streak for investment-grade debt in the week that ended Wednesday as market volatility from the coronavirus crisis began to subside, according to Lipper data released Thursday.

Your Money: Why you might be afraid to spend your stimulus check

If you got your stimulus payment this week from the IRS and it is still in your account, are you afraid to spend it?

Column: Dropping Medicare age to 60? No more than a start in the right direction

In what now seems like a galaxy far, far away, Republican lawmakers routinely talked up the idea of raising the Medicare eligibility age from 65 to 67. In fact, we were in that galaxy just three years ago.

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