 | | | | A poverty-fighting measure included in the COVID-19 relief bill passed this year will deliver monthly payments to households including 88% of children in the United States, starting in July, Biden administration officials said on Monday. | | | | | | Fund managers turned overweight on UK stocks for the first time in seven years and cut exposure to tech stocks as rising inflation leaves growth stocks vulnerable to pullbacks, Bank of America's May fund manager survey showed on Tuesday. | | | | | | Spain's stock market regulator suspended trading of shares in Siemens Gamesa (SGREN.MC) on Tuesday after local newspaper Expansion reported that Siemens AG (SIEGn.DE) had hired banks to conduct a strategic review of the wind turbine maker. | | | | | | Advisory firm Glass Lewis recommended on Monday that Exxon Mobil (XOM.N) shareholders elect two of hedge fund Engine No. 1's four board nominees in a proxy contest at the largest U.S. oil producer. | | | | | | NerdWallet Inc, the owner of the eponymous consumer financial advice website, has confidentially submitted paperwork to U.S. regulators for an initial public offering (IPO), people familiar with the matter said on Friday. | | | | | | U.S. investors grappling with the latest stock volatility and evidence of inflation say they have been positioning themselves for more unexpected kinks in the road to recovery. | | | | | | Investorsare loading up on inflation protection, while starting to grow more cautious on rate-sensitive tech stocks as fears grow of a price uptick that may force the U.S. Fed to bring forward policy tightening, BofA's weekly data showed on Friday. | | | | | | British consumer goods company Reckitt Benckiser Group (RKT.L) has shortlisted bidders including Bain Capital, Carlyle Group (CG.O) and dairy producer Yili to submit binding offers for its Greater China infant formula business, sources said. | | | | | | DBS Group (DBSM.SI) said on Friday its private banking arm has started offering trust services for cryptocurrencies, helping rich clients include the emerging asset class in their succession plans. | | | | | | Insurer eHealth Inc (EHTH.O) sidestepped a possible proxy contest with Starboard Value LP by giving the activist investor one board seat two months after Starboard nominated four directors, two sources familiar with the matter said. | | | | | |
