Author Archives: Syndicated Content
Analysis: After weathering February storm, junk bonds count on Fed protection
By Yoruk Bahceli (Reuters) - Junk bonds, the only fixed-income segment still offering positive returns this year, will continue their outperformance, according to investor bets the U.S. Federal Reserv...
Mar 05, 2021
U.S stock funds post $3.3 billion weekly outflow: Lipper
(Reuters) - U.S.-based stock funds in the week ended Wednesday posted $3.3 billion outflows, according to Lipper. U.S. taxable bond funds attracted $8.2 billion, the 11th straight weekly inflow and mo...
Mar 05, 2021
Take Five: Testing times
1/LITMUS TEST On February 25, as a mini-tantrum raged on bond markets, the U.S. Treasury auctioned $62 billion in 7-year notes - but investors, it would seem, forgot to show up. The lowest bid-cover r...
Mar 05, 2021
Alaska's Iditarod sled dog race is on, with COVID-19-altered course
By Yereth Rosen ANCHORAGE, Alaska (Reuters) - The word "Iditarod" derives from an indigenous Alaskan name for a "far distant place." Due to precautions made necessary by the COVID-19 pandemic, this ye...
Mar 05, 2021
Reddit appoints Drew Vollero as CFO
(Reuters) - Social media company Reddit appointed Drew Vollero as its chief financial officer on Friday . Vollero had served as Snap Inc's first CFO. (Reporting by Akanksha Rana in Bengaluru; Editing ...
Mar 05, 2021
'Feeling great': East Africa's biggest economy Kenya starts vaccinations
By Omar Mohammed NAIROBI (Reuters) - Kenya began vaccinating people on Friday against COVID-19 with AstraZeneca shots hoped to help revive the battered tourism-dependent economy of East Africa's riche...
Mar 05, 2021
Cryptocurrency trading volumes spike 17% in February: CryptoCompare
LONDON (Reuters) - Cryptocurrency trading volumes soared by 17% last month in the wake of Tesla's $1.5 billion bitcoin bet, with larger exchanges taking a growing share of the overall volumes, data sh...
Mar 05, 2021
Debate to begin in U.S. Senate on Biden's $1.9 trillion COVID-19 relief bill
By Susan Cornwell and Makini Brice WASHINGTON (Reuters) - A sharply divided U.S. Senate will begin a contentious debate on Friday on a $1.9 trillion coronavirus aid bill that is President Joe Biden's ...
Mar 05, 2021
Exclusive: Instacart mulls direct listing in snub to IPOs - sources
By Joshua Franklin, Anirban Sen and Krystal Hu (Reuters) - U.S. grocery delivery app Instacart is considering going public through a direct listing, concerned that it could leave money on the table th...
Mar 05, 2021
Insurers rewrite business policies after pandemic legal tussles
By Alwyn Scott NEW YORK (Reuters) - U.S. insurers are strengthening language in policies that cover business losses to protect them from future claims related to the coronavirus pandemic or other wide...
Mar 05, 2021
