Consumer companies pitch discounts, bargain products as economic malaise looms
(Reuters) - Unilever, Procter & Gamble and other major consumer goods manufacturers are touting lower-priced brands, smaller packages and discounts to woo penny-pinching shoppers struggling through the most severe global recession since the Great Depression of the 1930s.
U.S. stock market braces for rocky week ahead of contentious U.S. election
NEW YORK (Reuters) - Wall Street faces a rocky run-up to Election Day, with mounting worries about the outcome in Washington adding to nerves about the coronavirus pandemic and fading chances of stimulus.
BlackRock downgrades U.S. Treasuries ahead of election
BOSTON (Reuters) - Top asset manager BlackRock Inc
on Monday downgraded U.S. Treasuries and upgraded their inflation-linked peers ahead of the U.S. election.
Investors pile into options to bet on rate rise, Treasury weakness
(Reuters) - Investors have been buying options on eurodollar futures and interest rate swaps to bet on higher rates and falling U.S. Treasury debt prices if lawmakers pass more fiscal stimulus after next monthâs presidential election, if not before.
Analysis: Green is the color of money for funds betting on a Biden win
NEW YORK (Reuters) - Fund managers betting that green-type stocks with environmental, social and governance (ESG) credentials will benefit from an expected win by Democrat Joe Biden in the U.S. presidential election are also looking at a swathe of other companies expected to rise along with them.
U.S. banks sweat regulatory exposure from pandemic loans
BOSTON/NEW YORK/WASHINGTON (Reuters) - Banks that facilitated the U.S. government's Paycheck Protection Program at first saw the effort as a small revenue booster with a patriotic bonus, shepherding $525 billion in loans to businesses slammed by the fallout of the COVID-19 pandemic.
Investors chase European equities, dump U.S. as election nears
(Reuters) - Fund flows into European stocks have surged in recent months, data showed, as global investors look to diversify away from U.S. equities amid concerns over higher valuations and caution ahead of the presidential elections.
Berkshire Hathaway to pay $4.14 million to settle Iran sanctions violations claims
WASHINGTON (Reuters) - Warren Buffett's Berkshire Hathaway Inc agreed to pay $4.14 million to settle civil allegations that a Turkish subsidiary committed "egregious" violations of U.S. sanctions against Iran, the U.S. Treasury Department said on Tuesday.
Analysis: Unloved value stocks seen as cautious bet as election nears
NEW YORK/BOSTON (Reuters) - A sustained shift to value stocks has eluded investors for years. Indeed, a casualty this week was the $10-billion AJO quantitative value fund that announced it was shutting, citing the longest "drought" on record in value.
U.S. Treasury asks dealers for views on TIPS, bank demand for Treasuries
WASHINGTON (Reuters) - The U.S. Treasury on Friday said it is asking primary bond dealers whether it should increase the size of auctions for Treasury Inflation-Protected Securities (TIPS) following the Federal Reserve's announcement of a new inflation targeting policy.