A new surprise for U.S. savers: Turn 529s into retirement money
By Chris Taylor NEW YORK (Reuters) – When financial planner Larry Pon started reading about the SECURE 2.0 Act that…
Business
Hedge funds stand to lap up bearish profits from bank stock rout
By Nell Mackenzie LONDON (Reuters) – Hedge funds ended last week positioned to scoop up winning profits from bearish positions…
Silicon Valley Bank is largest failure since 2008 crisis, billions stranded
By David French, Echo Wang and Alun John (Reuters) – Startup-focused lender SVB Financial Group became the largest bank to…
After Silicon Valley Bank’s shutdown, uninsured depositors face tense wait
By Pete Schroeder WASHINGTON (Reuters) – Silicon Valley Bank’s high level of uninsured deposits helped kick off the run that…
U.S. bank stocks fall further as regulators shutter SVB Financial
By Noel Randewich and Caroline Valetkevitch (Reuters) -Shares of U.S. banks extended recent losses on Friday, with regional banks hit…
SVB debacle sparks rush to defensive options on fears of contagion
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Traders piled in to defensive options on bank stocks on Friday, a…
Ether hits 2-month low as New York AG labels crypto token as security
(Reuters) – Cryptocurrency token Ether fell to its lowest in two months on Friday after the New York attorney general…
Cathie Wood’s ARK Fund set for worst week since Sept as higher rates loom
By David Randall NEW YORK (Reuters) – Big declines in holdings including Tesla Inc and 2U Inc are leaving star…
Investor dash for cash pumps U.S. money market funds to record high – BofA
LONDON (Reuters) -Assets invested in U.S. money market funds have reached a new all-time high of $4.9 trillion this year,…
Global equity funds draw first weekly inflow in four weeks – Refinitiv data
(Reuters) – Global equity funds drew their first weekly inflow in four weeks in the seven days to March 8…