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Current feed - Reuters: Wealth

Column: Spend or hoard? Fate of forced savings could define pandemic recovery - Mike Dolan
(The author is editor-at-large for finance and markets at Reuters News. Any views expressed here are his own)

Column: What COVID-19 is teaching us about how to reform Medicare
The COVID-19 pandemic has put a bright spotlight on weaknesses in many of the systems designed to protect Americans from risks. But with older people more susceptible to serious illness and death...

Ackman says hedge fund up 27% year to date, dumped Berkshire
William Ackman's hedge fund is boasting double-digit gains at a time many portfolios have sunk along with the economy during the coronavirus pandemic, after the billionaire investor plowed cash into...

Starboard set to win eight board seats at GCP Applied Technologies-sources
Hedge fund Starboard Value LP is close to having eight directors elected to the board of GCP Applied Technologies Inc at the chemical company's annual meeting, people familiar with the matter said...

Northern Trust shutting fund; an outlier or sign of future risk?
Northern Trust Corp's decision to liquidate a $1.8-billion prime money market fund was seen as an outlier event by industry analysts on Wednesday, but one that could portend more problems depending...

Retirement services provider Human Interest extends funding round to $50 million
Human Interest, which helps small and medium-sized businesses set up 401K plans for employees, said on Wednesday it had extended its Series C funding round to $50 million due to more demand during...

U.S. bank regulator finalizes new community lending rule
A U.S. banking regulator announced on Wednesday it had finalized work on a long-running effort to change community lending standards for banks.

Your small business and COVID-19 questions, answered
Small businesses are among the hardest hit as the coronavirus pandemic continues to cause economic uncertainty in communities across the United States.

U.S.-based stock funds post $3.2 billion weekly inflow: Lipper
U.S.-based stock funds posted $3.2 billion in inflows in the week ended on Wednesday, according to Lipper.

US money market assets increased in latest week: iMoneyNet
U.S. money market fund assets increased by $26.28 billion to $4.716 trillion in the week ended May 12, the Money Fund Report said on Wednesday.

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