As Americans spend, credit card debt is ticking back up
NEW YORK (Reuters) - Early in the pandemic, there were encouraging and surprising signs about the decline of credit card debt.
U.S. SEC delays certain assets from enforcement actions under new disclosure rule
WASHINGTON (Reuters) -The U.S. Securities and Exchange Commission (SEC) said on Friday that it would delay enforcement of certain assets from a new disclosure rule for off-exchange securities until Jan. 3, 2022.
Bulk of S&P 500 embraces sustainable accounting standard, foundation says
(Reuters) - More than half of companies in the S&P 500 now use a common standard from the Value Reporting Foundation to report on topics like carbon emissions and energy management, indicating executives are paying more attention to an area likely to face new regulations soon, a foundation official said.
Chinese crackdown on bitcoin another blow to Cathie Wood's ARK ETF
NEW YORK (Reuters) - China's moves to crack down on bitcoin trading dealt another blow to Cathie Wood's ARK Innovation Fund, which outperformed all other U.S. equity funds last year but is now mired among the worst of its peers.
Prudential eyes $2.41 billion raising in Hong Kong share sale - sources
HONG KONG (Reuters) - Prudential is seeking to raise $2.41 billion by pricing its stock at HK$143.8 each in its Hong Kong share sale, according to two sources with direct knowledge of the matter.
Investors look ahead to rate hikes with Fed tapering plan all but certain
NEW YORK (Reuters) - Investors are grappling with how an unwind of the Federal Reserveâs 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.
U.S. 'pink sheets' in shakeup as securities regulator looks to stamp out fraud
WASHINGTON/NEW YORK (Reuters) - 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.
Buy now, pay later plans not shrinking credit card loans, says TransUnion
(Reuters) - 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.
Fed's Powell says Wells Fargo asset cap to stay in place until problems fixed
(Reuters) -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.
BlackRock, HSBC among largest buyers of Evergrande debt: Morningstar
NEW YORK (Reuters) - Fund giant BlackRock and investment banks HSBC and UBS were among the largest buyers of the debt of embattled Chinese real estate developer Evergrande Inc, Morningstar data shows.