US money market assets increased in latest week: iMoneyNet

NEW YORK, May 13 (Reuters) – U.S. money market fund assets increased by $26.28 billion to $4.716 trillion in the week ended May 12, the Money Fund Report said on Wednesday. Taxable money market fund assets increased by $27.02 billion to $4.581 trillion, while tax-free assets decreased by $740.60 million Continue Reading

Logitech sales surge as working from home boosts demand

(Reuters) – Logitech International (LOGN.S) reported a 13.6% rise in quarterly sales on Tuesday as more people used its computer products while working from home due to the coronavirus crisis. FILE PHOTO: Chief Executive Officer Bracken Darrell of the computer peripherals maker Logitech addresses a news conference in Zurich, Switzerland Continue Reading

Global hedge funds post April gains but still negative for the year: data

BOSTON (Reuters) – Global hedge funds posted their biggest monthly gain in more than a decade in April when stocks rocketed higher with the help of government rescue packages designed to fuel growth stalled by the coronavirus outbreak, according to new data on Thursday. The HFRI Fund Weighted Composite Index Continue Reading

Tesla aims to restart Fremont plant as soon as Friday: Bloomberg

FILE PHOTO: A view of Tesla Inc’s U.S. vehicle factory in Fremont, California, U.S., March 18, 2020. REUTERS/Shannon Stapleton (Reuters) – Tesla Inc plans to reopen its sole U.S. car plant in Fremont, California as soon as Friday, Bloomberg reported here on Friday, citing an email from the company to Continue Reading

Trump administration pushing to rip global supply chains from China: officials

WASHINGTON (Reuters) – The Trump administration is “turbocharging” an initiative to remove global industrial supply chains from China as it weighs new tariffs to punish Beijing for its handling of the coronavirus outbreak, according to officials familiar with U.S. planning. President Donald Trump, who has stepped up recent attacks on Continue Reading

Fund managers fish for dividend plays amid sharp cuts

NEW YORK (Reuters) – Some dividend fund managers are wading back into the shares of battered railroad stocks, energy companies and other economically sensitive, cyclical names, even as a host of companies have slashed their payouts. Cyclical stocks were among the worst-hit S&P 500 sectors in March’s sell-off, with the Continue Reading