Wednesday 19 August 2020

EU watchdog flags harder line on cross-border funds management

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EU watchdog flags harder line on cross-border funds management

Brexit safeguards to stop asset managers in Britain running "shell" investment funds in the European Union to retain access to its markets should be hardwired into EU law, the bloc's securities watchdog said on Wednesday.

Berkshire slashes Wells Fargo, JPMorgan stakes; adds Barrick Gold

Warren Buffett's Berkshire Hathaway Inc said on Friday it has sold shares of some of the largest U.S. banks, slashing its stakes in Wells Fargo & Co and JPMorgan Chase & Co and exiting an investment in Goldman Sachs Group Inc .

U.S. equity funds post $5.6 billion weekly inflow: Lipper

U.S. equity, municipal and taxable bond funds posted inflows in the week ended on Wednesday, while money market fund saw outflows, according to Lipper.

Column: Trump tax deferral poses a bigger threat to Social Security than you might think

What happens to Social Security if we eliminate its funding? 

Former Millennium executive Zaino launches Keystone Capital, eyes biotech

Investor Fredric Zaino, who spent 15 years at hedge fund Millennium Management, has launched his own firm and plans to invest in micro-, small- and mid-cap public and private companies focusing on biotech, real estate and consumer products.

Column: Keep Social Security and Medicare reform out in daylight where we can all watch

Charlie Rich, the late country music singer and songwriter, had it right when he crooned this famous line: "Oh, no one knows what goes on behind closed doors." We need to remind Congress of the truth of that line as it tries to push a plan to negotiate changes to Social Security and Medicare as part of its latest pandemic relief bill.

U.S. stock funds shed $1.05 billion in week: Lipper

U.S.-based equity funds in the week ended Wednesday posted $1.05 billion in outflows, according to Lipper.

Three ways to make the most from a virtual internship

As someone who dreams of a career in the music business, Amanda Montgomery had big plans for her summer internship - working in studios, going on shoots for music videos, maybe taking in some live concerts.

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