 | | | | Billionaire hedge fund manager Daniel Loeb's Third Point owns a substantial stake in Vivendi SE (VIV.PA) and is "evaluating" the French media giant's plan to sell a stake in its Universal Music Group to rival billionaire investor William Ackman, a source familiar with the firm's holdings said on Monday. | | | | | | A bipartisan group of lawmakers in the U.S. House of Representatives introduced four bills on Friday aimed at reining in the power of the tech giants, with one potentially leading to their break-up. | | | | | | U.S. household wealth jumped to a record $136.9 trillion at the end of March, a report from the Federal Reserve showed on Thursday, suggesting plenty of dry tinder for economic growth as the coronavirus pandemic recedes and the nation reopens. | | | | | | Shares of GameStop Corp (GME.N) lost more than a quarter of their value on Thursday and other so-called meme stocks also declined in a sell-off that hit a broad range of names favored by retail investors. | | | | | | British online trading group CMC Markets (CMCX.L) on Thursday set out plans to launch a wealth management platform, going head to head with existing players such as Hargreaves (HRGV.L) and AJ Bell (AJBA.L), after reporting a doubling in annual profits. | | | | | | A shareholder proposal for Thomson Reuters Corp (TRI.TO) to review human rights issues emerging from its U.S. government contracts gained increased investor support but failed to win approval at the company's annual meeting on Wednesday. | | | | | | Morgan Stanley (MS.N) appointed several executives from E*Trade to senior roles on Wednesday in a leadership shuffle that brings leaders from the online broker into the top ranks of the firm's wealth management division, according to a memo seen by Reuters. | | | | | | More regulation of the cryptocurrency space is needed to help institutional investors become more comfortable with digital assets and have the burgeoning asset class really take off, Mike Novogratz, founder of crypto investment firm Galaxy Digital said on Wednesday. | | | | | | Words can be cheap in the market for loans, now some lenders want to change that. | | | | | | When Lynda Steele's father was diagnosed with Alzheimer's a couple of years ago, she faced an impossible choice. | | | | | |
