 | | | | 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. | | | | | | The U.S. Securities and Exchange Commission is considering enforcement action against United States Oil Fund LP, the largest crude oil exchange-traded fund, due to statements made after oil prices plunged into negative territory in April. | | | | | | 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, municipal and taxable bond funds posted inflows in the week ended on Wednesday, while money market fund saw outflows, according to Lipper. | | | | | | What happens to Social Security if we eliminate its funding? | | | | | | 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. | | | | | | 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.-based equity funds in the week ended Wednesday posted $1.05 billion in outflows, according to Lipper. | | | | | |
