Fidelity drops Fisher’s money management firm as withdrawals accelerate

FILE PHOTO: Kenneth Fisher, the founder, chairman, and Chief Executive Officer of Fisher Investments, speaks at the Reuters Investment Outlook Summit in New York, December 5, 2011. REUTERS/Brendan McDermid BOSTON (Reuters) – Fidelity Investments has dropped Fisher Investments as a… Read moreFidelity drops Fisher’s money management firm as withdrawals accelerate

Facebook Open To Changes To Libra Vision Ahead Of June 2020 Launch

Social media company Facebook, Inc. (NASDAQ: FB) is proceeding with its Libra initiative, but the initial vision of a single, synthetic digital currency could change, Reuters reported Sunday.  What Happened Facebook’s Libra digital currency project could consist of multiple cryptocurrencies that are pegged… Read moreFacebook Open To Changes To Libra Vision Ahead Of June 2020 Launch

Boeing Execs Respond To Leaked Messages As Congress Watches Closely

Airplane manufacturer Boeing Co (NYSE: BA) acknowledged in a statement over the weekend that it will investigate a leaked message from a test pilot who highlighted concerns related to software in its 737 MAX that was involved in two fatal crashes,… Read moreBoeing Execs Respond To Leaked Messages As Congress Watches Closely

Many firms in China’s third-biggest province struggling to pay debt – S&P

BEIJING (Reuters) – Many privately held firms in Shandong, China’s third-biggest province by economic output, are struggling to repay short-term debt due to declining industry fundamentals, entangled cross guarantees and ill-managed investments, S&P Global Ratings said. FILE PHOTO: A worker… Read moreMany firms in China’s third-biggest province struggling to pay debt – S&P

China unexpectedly keeps LPR lending benchmark unchanged, but outlook for rates down

SHANGHAI (Reuters) – China on Monday unexpectedly kept unchanged its new benchmark lending rate, suggesting Beijing is keen to avoid overly loosening monetary policy for fear it may push up already-high debt levels across the economy. FILE PHOTO: Headquarters of… Read moreChina unexpectedly keeps LPR lending benchmark unchanged, but outlook for rates down

Fallout from money manager Kenneth Fisher’s remarks tops $1 billion in lost assets

BOSTON (Reuters) – Fallout from Kenneth Fisher’s alleged insensitive remarks about women escalated on Friday when a large Iowa pension plan cut ties with the money manager, whose firm has lost more than $1 billion in assets under management in… Read moreFallout from money manager Kenneth Fisher’s remarks tops $1 billion in lost assets