|  | | | | | | | | Australian financial planner AMP Ltd is centralising some business services in an effort to become "simpler", the company said on Wednesday, following a media report that it planned to cut up to a fifth of some of its workforce. | | | | | | Turmoil in money market mutual funds sparked by the coronavirus pandemic shows that decade-old reforms to the $4.4 trillion industry may not be enough to avert major outflows during a future crisis, Deputy U.S. Treasury Secretary Justin Muzinich said on Tuesday. | | | | | | Personal-finance company Credit Karma said on Tuesday it would launch a checking account to U.S. members this year, making it the latest fintech to join the crowded digital banking market. | | | | | | (In September 28 story, corrects number of RBA employees in paragraph three) | | | | | | The U.S. government's over $4 trillion annual budget, the world's largest, relies heavily on individual wage earners whose taxes and retirement benefits are deducted from every paycheck, leaning particularly on the top 20% of income earners. | | | | | | The Nov. 3 presidential election between President Donald Trump and former Vice President Joe Biden could have dramatic effects across markets, and investors are already trying to identify potential winners and losers. | | | | | | Billionaire bond fund manager Jeffrey Gundlach suggested in a Twitter post late Saturday that he may move from California to a lower-tax state if Sacramento raises taxes on the wealthy. | | | | | | The number of British entrepreneurs looking to "buy" citizenship from countries offering visa-free access to the European Union has risen sharply, investment migration firms say, as prospects of a post-Brexit trade deal between Britain and the bloc darken. | | | | | | Bank of America Corp said on Friday it was issuing a $2-billion bond, where a portion of the proceeds will be used for the financial empowerment of Black and Hispanic-Latino communities. | | | | | | Investors pulled a massive $25.8 billion out of U.S. equity funds in the week to Wednesday, the third biggest outflow ever from the asset class, BofA's weekly fund flow report showed on Friday. | | | | | | | | | | | |
