Money News
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Cell towers, warehouses look like safe plays in U.S. real estate
NEW YORK (Reuters) - Some top-performing U.S. fund managers see opportunities in one of the sectors hardest hit by the coronavirus pandemic, cautiously increasing stakes in niches of the real estate market like cell phone towers and warehouses, which they see benefiting from an eventual economic recovery.
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Buffett's Geico offers $2.5 billion credits as coronavirus cuts driving
(Reuters) - Geico Corp, part of billionaire Warren Buffett's Berkshire Hathaway Inc, said on Tuesday it will offer about $2.5 billion of credits to its 19 million auto and motorcycle policyholders, reflecting the decline in driving stemming from the coronavirus pandemic.
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Your Money: Make a big impact with your COVID-19 charity dollars
NEW YORK (Reuters) - When Rachel Baron wanted to give back to her community affected by COVID-19, her first thought was to help local emergency room doctors. So the 46-year-old advertising copywriter worked with some friends to set up food deliveries from local restaurants in New York's Westchester County through the Meal Train service.
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U.S. SEC issues compliance focus areas for brokers before new rules take effect
WASHINGTON (Reuters) - The head of the examination office at the U.S. Securities and Exchange Commission (SEC) on Tuesday published details about the expected scope and content for compliance with a new rule requiring broker-dealers and investment advisers to disclose potential conflicts of interest.
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Your Money: Freelancers have 'perfect storm' of anxiety because of COVID-19
NEW YORK(Reuters) - The crisis posed by COVID-19 is worrisome enough for full-time employees. Imagine life as a freelancer.
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Global currency funds notch wins amid coronavirus volatility
NEW YORK (Reuters) - Global currency fund managers racked up gains in the first quarter as they benefited from the extreme volatility that the coronavirus pandemic has stoked across financial markets.
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Hedge fund Glenview off 30% as coronavirus weighs on portfolio
BOSTON (Reuters) - Glenview Capital Management, the hedge fund run by Larry Robbins, has lost roughly 30% in the first three months of 2020 as the spread of the new coronavirus hurt the healthcare facilities and hospital operators the firm has invested in.
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Elliott hedge fund gains in March, up 2.2% for year: client update
BOSTON (Reuters) - Paul Singer's Elliott International Ltd hedge fund gained an estimated 0.1% in March and is now up 2.2% for the year through the first quarter, according to an update sent to clients on Friday and seen by Reuters.
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Coronavirus fiscal fallout on U.S. muni issuers worries investors
CHICAGO (Reuters) - Investors in the U.S. municipal bond market are growing increasingly worried over the ability of states, cities and other debt issuers to weather the financial fallout of the COVID-19 pandemic caused by the novel coronavirus.
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Some U.S. direct payments will take months to reach Americans: congressional panel
WASHINGTON (Reuters) - Americans should start receiving direct payments from the U.S. government in mid-April to help them cope with the coronavirus pandemic, but some may not see the money until mid-September, according to a congressional committee.
