MARKETS / FINANCE

When Nicole Flecchia contracted COVID-19 in January of 2021, the University of Rhode Island grad student figured she might be looking at a few days or weeks of symptoms.

Kyle Ash snapped up 2,000 pounds ($2,615) worth of Twitter Inc shares as soon as he heard that Elon Musk had become the social media company's largest shareholder.

JPMorgan & Chase on Tuesday started to allow holders of depositary receipts in Russian companies to cancel them, two sources familiar with the matter said, giving some investors a way to liquidate what have largely been frozen holdings.

Investor positions in crude and refined products steadied last week, after heavy sales in the two previous weeks, as fund managers tried to balance opposite risks from sanctions on Russia and a potential global recession.

Hedge fund Starboard Value LP has not secured enough support from shareholders of Huntsman Corp to replace four of the U.S.

Edward C. "Ned" Johnson 3d, an American billionaire investor and philanthropist who as chairman of Fidelity Investments propelled the family business to a dominant place in finance for decades, died on Wednesday at age 91, the company said.

Edward C. "Ned" Johnson 3d, an American billionaire investor and philanthropist who as chairman of Fidelity Investments propelled the family business to a dominant place in finance for decades, died on Wednesday at age 91, the company said.

Acquisition platform Acacia Research Corp, backed by activist fund Starboard Value and a recent bidder for retailer Kohl's Corp, appointed one of the hedge fund's senior executives on Tuesday to oversee all aspects of its takeover business.

Proxy adviser Institutional Shareholder Services (ISS) on Monday recommended that Huntsman Corp investors elect two of activist investment firm Starboard Value's four director nominees to the chemical maker's 10-member board.

Cash savers are between a rock and a hard place right now.

Curtiss-Wright Corp on Wednesday settled a week-old proxy fight with Saddle Point Management LP after the investment firm argued that the defense company lacked strategic focus and that some non-core industrial businesses should be divested.

On the third day of the world's biggest energy conference, the spotlight will pick out natural gas amid debate on its role in the transition to cleaner energy - and its status as a Russian export key to Europe's power generation needs.

Energy industry leaders said the burgeoning energy crisis is perhaps more dire in natural gas markets than in crude oil, due to Europe's dependency on Russia and as prices have been sky-high for months.

Vanguard Group on Monday said it has moved swiftly to implement international sanctions imposed against Russian banks, entities and individuals in the wake of Moscow's invasion of Ukraine, and is working to further reduce its exposure to Russia and exit positions across its index funds.

Beaten-down Russian assets are looking attractive to some, with JPMorgan strategists touting the bonds of Russian companies with significant international operations as the best way to profit from distressed pricing, while two banking sources said that loans of Russian corporates had been offered at a steep discount.

Billionaire investor William Ackman has built a new stake in railroad operator Canadian Pacific, returning to one of his most profitable investments as rail firms eye a boost from the drive to cut carbon emissions and as manufacturing is brought back to the United States and Mexico from abroad.

The Swiss National Bank repeated on Monday its pledge to intervene on the currency markets to curb a rise in the franc after safe-haven inflows driven by the Ukraine conflict briefly pushed the currency above parity with the euro.

French asset manager Carmignac said on Monday it would not buy Russian securities and would divest from existing assets, following a raft of other fund managers who have made similar announcements following Russia's invasion of Ukraine.

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Investment firm Donerail Group has abandoned plans to buy gaming equipment company Turtle Beach Corp and is instead seeking to oust all of its six board members including its CEO, according to a letter seen by Reuters.

Connecticut Treasurer Shawn Wooden on Tuesday will direct state pension funds to sell Russian assets, one of the most direct steps by a U.S.

Dimensional Fund Advisors, a pioneer of quantitative investment with $680 billion in assets under management, has increased exposure to the short end of the U.S.

Citigroup executives will lay out detailed plans for generating better returns and address concerns over expenses at a shareholder meeting next month which analysts and investors say could determine its future.

Another week, another big win for hedge funds betting on a flatter U.S. yield curve.

Another week, another big win for hedge funds betting on a flatter U.S. yield curve.

A U.S. federal judge ruled that Nuveen and trustees of its closed-end funds violated the Investment Company Act by stripping hedge fund Saba Capital of its full voting rights at an annual meeting.Saba filed litigation against Nuveen funds and their trustees in early 2021, arguing the asset management company illegally amended fund bylaws to prevent large shareholders from voting all of their shares.

Uncertainty over the pace of monetary policy will mean a volatile first half for risk assets followed by an upward path for equities in the second half of the year, asset managers said.

Jana Partners has nominated four directors to the board of Zendesk, arguing the company must be rehabilitated after an unpopular attempt to buy Momentive Global, parent of web-survey company SurveyMonkey, according to a regulatory filing.

China's drive for "common prosperity" to ease inequality could be a positive catalyst for the local wealth management industry, as it leads to expansion of the middle-income group and healthy development of capital markets, according to a UBS report.