Money News
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Column: Keep Social Security and Medicare reform out in daylight where we can all watch
CHICAGO (Reuters) - Charlie Rich, the late country music singer and songwriter, had it right when he crooned this famous line: âOh, no one knows what goes on behind closed doors.â We need to remind Congress of the truth of that line as it tries to push a plan to negotiate changes to Social Security and Medicare as part of its latest pandemic relief bill.
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U.S. stock funds shed $1.05 billion in week: Lipper
(Reuters) - U.S.-based equity funds in the week ended Wednesday posted $1.05 billion in outflows, according to Lipper.
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Activist fund TCI lodges complaint against Italy with European Commission over Atlantia
LONDON/ROME (Reuters) - Activist hedge fund TCI Fund Management said it has complained to the European Commission over "illegitimate expropriation" by the Italian government of Atlantia's motorways unit Autostrade per l'Italia.
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Three ways to make the most from a virtual internship
NEW YORK (Reuters) - As someone who dreams of a career in the music business, Amanda Montgomery had big plans for her summer internship - working in studios, going on shoots for music videos, maybe taking in some live concerts.
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U.S. stock funds draw $3.3 billion in latest week: Lipper
(Reuters) - U.S.-based stock funds in the week ended Wednesday saw $3.3 billion of inflows, according to Lipper.
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Column: U.S. rule could halt social investing in 401(k) plans in its tracks
CHICAGO (Reuters) - The idea of using investments to promote environmental and social causes has grown quickly in recent years, and retirement plans looked like the next frontier - until the Trump administration weighed in last month.
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As big U.S. banks let customers delay payments, loan losses remain unclear
NEW YORK (Reuters) - Major U.S. bank executives this week said they extended forbearance programs to millions of credit card, auto loan and mortgage customers who were financially hard hit by the coronavirus pandemic.
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TCI sees Autostrade valuation between 11-12 billion euros-partner
MILAN (Reuters) - Activist hedge fund TCI Fund Management, which is challenging the Italian government over the forced sale of Atlantia's Autostrade per l'Italia (ASPI) unit, said on Friday the value of Autostrade could be between 11 and 12 billion euros.
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Cohen's Point72 to open Warsaw office for some back office teams
BOSTON(Reuters) - Billionaire investor Steven A. Cohen's Point72 Asset Management is opening the $16.2 billion firm's latest satellite location in Warsaw and moving some back office operations to lower-cost Poland.
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Investors chase risky assets as stimulus measures offset virus worries: BofA
LONDON (Reuters) - Investors pumped money into riskier bonds and equity funds, BofA's weekly fund flow statistics showed on Friday, as unprecedented stimulus measures helped offset worries about rising COVID-19 case numbers in the United States.
