By Chibuike Oguh and Jonathan Stempel NEW YORK (Reuters) -Shares of Douglas Elliman, Compass and eXp World Holdings closed lower on Wednesday after the companies were sued for allegedly conspiring to artificially inflate their commissions from home sales. The proposed class action was filed on Tuesday in Kansas City, Missouri, just hours after a jury…
By Carolina Mandl NEW YORK (Reuters) – Hedge funds that trade equities using computer programmes defeated human stock-pickers in October by a large difference in performance, according to a Goldman Sachs note. Systematic long/short hedge funds, as the computer-led strategy is known, posted 4.97% in gains last month, while fundamental long/short went down 0.66%, the…
(Reuters) – Walt Disney’s ESPN sports network could secure an enterprise value of $24 billion and attract investment interest from sports leagues, tech firms like Apple and telecom majors including Verizon, according to BofA Global Research. In a bid to lure an outside investor, the media giant last month disclosed the financials of ESPN that…
By Harshit Verma (Reuters) – Gold prices will rise in 2024 from this year’s average on bets that global central banks would start monetary policy easing and after the Middle East conflict provided a boost to gold’s safe-haven rally above $2,000, a Reuters poll showed on Wednesday. The poll of 30 analysts and traders conducted…
