NEW YORK Managers of BlackRock Inc's largest mutual fund, fearing Trump administration policies could hurt technology companies with hefty foreign revenue streams, have reshuffled their top holdings, and it appears one of the first casualties is Google.
The Republican-controlled Congress took aim this week at states that are creating retirement saving programs for workers who do not already have 401(k)s through their jobs. Seven states - including populous California, Illinois and Maryland - are implementing government-sponsored auto-IRA plans, and another 30 are considering their own, according to AARP, which has been supporting and tracking the initiatives.
WASHINGTON Acting U.S. Securities and Exchange Commission Chairman Michael Piwowar has taken steps to limit the agency's enforcement division's powers to initiate investigations and issue subpoenas, according to people familiar with the matter.
NEW YORK Bank of America Corp's board awarded Chief Executive Officer Brian Moynihan $20 million for his work last year, the largest pay package he has received since taking the helm of the bank in the aftermath of the 2008 financial crisis.
Citigroup Inc's board of directors cut Chief Executive Officer Michael Corbat's compensation by 6 percent last year after the bank missed financial targets and one-third of its voting shareholders disapproved of his prior pay package.
LONDON Some of the world's biggest sovereign wealth funds are increasingly striking their own private equity deals rather than relying on external fund managers, in a drive to cut costs and gain more control.
WASHINGTON A U.S. appeals court said on Thursday it will reconsider an October ruling that the Consumer Financial Protection Bureau's structure is unconstitutional, virtually guaranteeing the battle over an agency borne of the financial crisis will reach the Supreme Court.
NEW YORK Investors boosted their bets on U.S.-based equity funds in the latest week and helped extend market gains since the presidential election, Lipper data showed on Thursday.
NEW YORK More Americans fell behind on their car loan payments in the fourth quarter, bringing auto delinquencies to their highest since the height of the financial crisis, Federal Reserve Bank of New York data released on Thursday showed.
LOS ANGELES Lured by the promise of high pay for part-time work, Geovanie Rosario quit his day job three years ago and joined the so-called “gig economy.”
WASHINGTON President Donald Trump's next pick for national security adviser will have autonomy over staffing and key decisions, the White House said on Sunday as it scrambles to fill the post following the turbulent departure of Michael Flynn.