FILE PHOTO: GameStop logo is seen in front of displayed Reddit logo in this illustration taken on Febr. 2, 2021. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo(Reuters) – Shares of videogame retailer GameStop Corp jumped 11% in early deals on Monday even as recent social media-hyped trading hysteria in other stocks appeared to be fizzling out. GameStop and other companies including cinema operator […]

LONDON (Reuters) – Luxembourg’s investment fund industry is a financial “black box” that helps people launder illicit money and avoid tax, according to an investigation published on Monday whose findings were rejected by the EU nation.FILE PHOTO: A man holds a placard reading “Stop tax avoidance” during a protest outside the courthouse ahead of the LuxLeaks trial before an appeal […]

Savita Subramanian of Bank of America says a big shift from stocks to bonds might be close at hand.  She says income-focused investors will have to make changes when that happens. She explains the sectors and types of stocks that will be most appealing in that environment. Visit the Business section of Insider for more stories. What’s the point of […]

Renaissance Technologies has fielded over $5 billion in withdrawal requests in less than 10 weeks. Jim Simons’ quantitative hedge fund posted double-digit losses in its three public funds in 2020. However, RenTech’s flagship Medallion fund gained 76% last year. Visit Business Insider’s homepage for more stories. Jim Simons’ Renaissance Technologies has been hit by more than $5 billion in redemptions […]

The rupee dropped by 4 paise to close at 72.97 against the U.S. currency on February 8 due to a strong dollar sentiment and dollar buying by importers. However, sustained foreign fund inflows and strong gains in equity markets restricted the rupee’s fall, traders said. At the Interbank Foreign Exchange (forex), the rupee opened sharply higher at 72.86 against the […]

(Reuters) – European shares rose on Monday, led by economically sensitive cyclical sectors, as sentiment was lifted by hopes of a quicker recovery and multi-billion dollar deals in the region.FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, February 5, 2021. REUTERS/StaffThe pan-European STOXX 600 index rose 0.4%, adding to gains […]

SHANGHAI (Reuters) – Chinese unable to re-unite with loved ones this Lunar New Year are sending them a taste of home instead, using food packages to bridge the distance, as coronavirus warnings in some regions put a stop to the usual lengthy journeys home.A staff member stands behind Lunar New Year gift sets containing pastries at a food store, following […]