Investors push for social media controls ahead of U.S. inauguration

FILE PHOTO: The Twitter and Facebook logos along with binary cyber codes are seen in this illustration taken November 26, 2019. REUTERS/Dado Ruvic/IllustrationBOSTON (Reuters) – Pension fund managers and religious investors on Friday asked top social media companies to step up their content control efforts to reduce the threat of violence ahead of the inauguration of U.S. President-elect Joe Biden […]

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U.S. stock funds draw $2.2 billion in week: Lipper

FILE PHOTO: A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo August 2, 2011. REUTERS/Yuriko Nakao(Reuters) – U.S. equity funds saw inflows of $2.2 billion in the week ended Wednesday, a period when Wall Street indexes hit record highs on optimism that President-elect Joe Biden will be able to push more economic stimulus through a Congress controlled […]

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Emerging markets rally lifts Ashmore assets 9%, shares gain

LONDON (Reuters) – A strong rally in emerging market assets, especially equities, helped lift assets under management (AUM) at money manager Ashmore by 9% in the last quarter of 2020, the group said on Friday. The UK-listed emerging markets-focused investment group said its AUM increased by $7.5 billion between September and December with a positive investment performance of $8.1 billion […]

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Analysis: Investors resigned to Trump's China ban, with Biden seen changing little

NEW YORK/BOSTON/HONG KONG (Reuters) – Financial executives are settling in for the long haul over the Trump administration’s investment ban on Chinese securities, expecting the rules to be lasting but hoping to have more clarity after President-elect Joe Biden takes office.FILE PHOTO: View of the NYSE building during snowfall in the Financial District of Manhattan, New York City, New York, […]

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Airbnb CEO says travel never going back to the way it was before pandemic

(Reuters) – Airbnb Chief Executive Officer Brian Chesky on Thursday predicted travel would permanently change due to the pandemic with people seeking out thousands of smaller cities and spending more time visiting friends and family. Traditional tourism and sightseeing at top global destinations would be significantly reduced by travelers who will drive to smaller communities and fly less for business […]

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Second Trump impeachment trial takes U.S. into uncharted waters

WASHINGTON (Reuters) – America will be in uncharted territory when the U.S. Senate meets as soon as next week for the second impeachment trial of Donald Trump, a case against the outgoing president that one Democrat preparing for arguments called “shockingly evident.”FILE PHOTO: U.S. President Donald Trump looks on as he speaks to the media before boarding Air Force One […]

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U.S. business formation tumbles 28.5% in fourth quarter

FILE PHOTO: People walk by a store going out of business along 125th street in the Harlem neighborhood of New York City, New York, U.S., August 7, 2020. REUTERS/Shannon StapletonWASHINGTON (Reuters) – Applications to start new U.S. businesses plunged in the fourth quarter as COVID-19 continued to ravage the economy, supporting views that it could take years to recover the […]

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