 | | | | Borrowers who apply for "buy now, pay later" or other point-of-sale financing tend not to pay down their credit card debts as much as the general population, credit reporting company TransUnion said on Thursday. | | | | | | As many as 2,000 companies could disappear from the off-exchange "pink sheets," long a favorite of retail investors, when a new rule aimed at stamping out fraud in this notoriously risky enclave of U.S. equities markets comes into effect next week. | | | | | | Investors are grappling with how an unwind of the Federal Reserve's easy money policies could affect asset prices, after the central bank signaled that a taper of its bond-buying program was closer than ever and suggested it may raise rates at a faster-than-expected pace. | | | | | | Cryptocurrency investment products and funds saw inflows for a fifth consecutive week as market sentiment on the sector continued to improve, data from digital asset manager CoinShares showed on Monday. | | | | | | Star stock picker Cathie Wood, head of ARK Invest, on Wednesday said she believed the U.S. stock market is not overvalued, and she talked up Tesla , her largest holding. | | | | | | U.S. President Joe Biden plans to nominate Saule Omarova, a law professor who has criticized cryptocurrencies and advocated for the government to have a much bigger role in banking, to run the Office of the Comptroller of the Currency (OCC), Bloomberg News reported on Wednesday. | | | | | | Carlyle Group Inc Chief Executive Kewsong Lee said on Wednesday that the U.S. private equity firm will remain a long-term investor in China despite "bumps" that have unnerved some investors. | | | | | | The $8.2 billion MacArthur Foundation said on Wednesday it would divest from fossil fuel holdings with changes to its equity indexes, becoming the largest foundation to move money away from the oil and gas sector. | | | | | | Federal Reserve Chair Jerome Powell said on Wednesday that the Fed is closely monitoring efforts by Wells Fargo & Co to fix its "widespread and pervasive" problems, and that it would take appropriate actions if the bank failed to do so. | | | | | | Hedge fund manager William Ackman's 10% bet on Universal Music Group helped nearly double returns at his own portfolio to 15.3% this week after shares in the world's biggest music label surged in their first hours as a publicly traded company. | | | | | |
